Shares of ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) saw unusually-strong trading volume on Tuesday . 54,211 shares traded hands during trading, a decline of 4% from the previous session’s volume of 56,459 shares.The stock last traded at $120.8190 and had previously closed at $128.79.
ProShares Ultra Technology Price Performance
The stock has a market capitalization of $1.02 billion, a P/E ratio of 38.02 and a beta of 2.71. The company’s 50 day simple moving average is $144.59 and its two-hundred day simple moving average is $113.71.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at $604,000. WealthCare Asset Management LLC bought a new position in ProShares Ultra Technology in the 4th quarter valued at $2,978,000. Clearwater Capital Advisors LLC acquired a new position in ProShares Ultra Technology in the first quarter worth $316,000. Great Valley Advisor Group Inc. acquired a new position in ProShares Ultra Technology in the second quarter worth $262,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of ProShares Ultra Technology during the fourth quarter worth $381,000.
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. 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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