ProShares Ultra Technology (NYSEARCA:ROM) Stock to Split on Thursday, November 19th

ProShares Ultra Technology (NYSEARCA:ROM) shares are set to split on the morning of Thursday, November 19th. The 3-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Wednesday, November 18th.

ProShares Ultra Technology Price Performance

Shares of NYSEARCA:ROM opened at $117.27 on Friday. ProShares Ultra Technology has a fifty-two week low of $71.36 and a fifty-two week high of $171.82. The business has a 50-day moving average of $145.05 and a two-hundred day moving average of $126.32. The stock has a market capitalization of $1.02 billion, a P/E ratio of 38.02 and a beta of 2.74.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new stake in ProShares Ultra Technology in the 3rd quarter worth approximately $4,927,000. Client First Investment Management LLC acquired a new position in ProShares Ultra Technology during the third quarter valued at approximately $4,852,000. Commonwealth Equity Services LLC acquired a new position in ProShares Ultra Technology during the third quarter valued at approximately $3,270,000. Private Advisor Group LLC bought a new position in shares of ProShares Ultra Technology in the third quarter valued at approximately $1,499,000. Finally, HighTower Advisors LLC bought a new position in shares of ProShares Ultra Technology in the third quarter valued at approximately $1,264,000.

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.