ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 14,301 shares, a decrease of 74.0% from the May 31st total of 54,938 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 119,358 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Ultra Technology Stock Performance

NYSEARCA:ROM opened at $139.97 on Friday. ProShares Ultra Technology has a fifty-two week low of $71.36 and a fifty-two week high of $171.82. The firm has a market capitalization of $1.20 billion, a PE ratio of 38.02 and a beta of 2.72. The stock’s fifty day moving average is $136.93 and its 200 day moving average is $106.82.

Institutional Trading of ProShares Ultra Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in ProShares Ultra Technology during the 4th quarter valued at about $604,000. WealthCare Asset Management LLC purchased a new position in ProShares Ultra Technology during the fourth quarter valued at approximately $2,978,000. APS Management Group Inc. bought a new position in ProShares Ultra Technology in the fourth quarter worth approximately $207,000. Aventura Private Wealth LLC purchased a new stake in ProShares Ultra Technology during the fourth quarter worth $75,000. Finally, River Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Technology during the 4th quarter worth $552,000.

About ProShares Ultra Technology

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.