ProShares Ultra Technology (NYSEARCA:ROM) Shares Gap Up – Time to Buy?

ProShares Ultra Technology (NYSEARCA:ROM) gapped up before the market opened on Friday . The stock had previously closed at $68.13, but opened at $70.98. ProShares Ultra Technology shares last traded at $70.16, with a volume of 3,393 shares changing hands.

ProShares Ultra Technology Trading Up 3.4 %

The business has a 50-day moving average price of $71.40 and a two-hundred day moving average price of $67.83.

Institutional Investors Weigh In On ProShares Ultra Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Technology in the second quarter valued at about $30,000. Smith Anglin Financial LLC bought a new stake in ProShares Ultra Technology during the third quarter worth $269,000. Tyche Wealth Partners LLC grew its stake in ProShares Ultra Technology by 44.4% in the 3rd quarter. Tyche Wealth Partners LLC now owns 33,088 shares of the company’s stock valued at $2,219,000 after purchasing an additional 10,170 shares during the period. Nwam LLC purchased a new stake in shares of ProShares Ultra Technology during the 3rd quarter valued at $215,000. Finally, Larson Financial Group LLC bought a new position in ProShares Ultra Technology during the third quarter valued at about $27,000.

ProShares Ultra Technology Company Profile

ProShares Ultra Technology (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services.