ProShares Ultra Technology (NYSEARCA:ROM) Shares Up 0.3% – Here’s Why

ProShares Ultra Technology (NYSEARCA:ROM)’s stock price shot up 0.3% on Monday . The company traded as high as $105.61 and last traded at $105.36. 78,882 shares were traded during mid-day trading, an increase of 84% from the average session volume of 42,788 shares. The stock had previously closed at $105.06.

ProShares Ultra Technology Stock Up 4.4%

The stock’s 50 day moving average is $87.90 and its two-hundred day moving average is $92.86. The company has a market capitalization of $948.92 million, a PE ratio of 38.02 and a beta of 2.50.

Institutional Trading of ProShares Ultra Technology

Several hedge funds have recently modified their holdings of the company. WealthCare Asset Management LLC purchased a new stake in shares of ProShares Ultra Technology during the fourth quarter valued at about $2,978,000. Kestra Advisory Services LLC lifted its position in shares of ProShares Ultra Technology by 3.9% during the fourth quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock valued at $1,712,000 after buying an additional 686 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of ProShares Ultra Technology during the second quarter valued at about $1,032,000. Osaic Holdings Inc. lifted its position in shares of ProShares Ultra Technology by 48.0% during the fourth quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock valued at $1,022,000 after buying an additional 3,517 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of ProShares Ultra Technology by 45.3% during the fourth quarter. HighTower Advisors LLC now owns 8,623 shares of the company’s stock valued at $813,000 after buying an additional 2,690 shares during the last quarter.

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. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.