ProShares Ultra Technology (NYSEARCA:ROM) Stock Short Interest Falls 40.8%

ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 14,975 shares, a drop of 40.8% from the August 31st total of 25,308 shares. Based on an average daily trading volume, of 21,637 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra Technology

Several hedge funds have recently bought and sold shares of ROM. Tucker Asset Management LLC acquired a new position in shares of ProShares Ultra Technology in the 2nd quarter valued at $41,000. Cassaday & Co Wealth Management LLC bought a new position in ProShares Ultra Technology during the first quarter worth about $110,000. Valeo Financial Advisors LLC acquired a new position in ProShares Ultra Technology in the second quarter valued at about $240,000. Wealthcare Advisory Partners LLC acquired a new position in ProShares Ultra Technology in the second quarter valued at about $244,000. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of ProShares Ultra Technology in the first quarter worth about $316,000.

ProShares Ultra Technology Trading Up 2.4%

Shares of ROM stock traded up $3.93 on Friday, reaching $166.35. The company had a trading volume of 30,019 shares, compared to its average volume of 53,171. The stock has a market cap of $1.49 billion, a PE ratio of 38.02 and a beta of 2.73. The company has a 50-day moving average of $144.96 and a 200-day moving average of $131.80. ProShares Ultra Technology has a 12 month low of $71.36 and a 12 month high of $171.82.

About ProShares Ultra Technology

(Get Free Report)

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.

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