ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Down 45.7% in January

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 12,591 shares, a drop of 45.7% from the January 15th total of 23,195 shares. Based on an average trading volume of 41,820 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 41,820 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Ultra Technology

A number of institutional investors have recently added to or reduced their stakes in ROM. Group One Trading LLC acquired a new stake in ProShares Ultra Technology in the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. grew its position in shares of ProShares Ultra Technology by 53.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $76,000 after purchasing an additional 350 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of ProShares Ultra Technology by 3.9% in the fourth quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock valued at $1,712,000 after purchasing an additional 686 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of ProShares Ultra Technology in the fourth quarter valued at approximately $75,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in ProShares Ultra Technology by 24.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the company’s stock worth $528,000 after buying an additional 1,115 shares in the last quarter.

ProShares Ultra Technology Price Performance

NYSEARCA ROM traded up $0.51 during trading hours on Friday, reaching $87.56. The company’s stock had a trading volume of 34,587 shares, compared to its average volume of 41,163. The firm has a market capitalization of $781.91 million, a price-to-earnings ratio of 38.02 and a beta of 2.41. The company’s 50-day moving average is $94.76 and its two-hundred day moving average is $91.70. ProShares Ultra Technology has a 1-year low of $36.68 and a 1-year high of $108.12.

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.