ProShares Ultra Technology (NYSEARCA:ROM) Reaches New 12-Month High – Here’s What Happened

ProShares Ultra Technology (NYSEARCA:ROM)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $108.48 and last traded at $108.28, with a volume of 19054 shares changing hands. The stock had previously closed at $105.70.

ProShares Ultra Technology Price Performance

The stock has a market cap of $941.45 million, a P/E ratio of 38.02 and a beta of 2.50. The firm’s fifty day moving average price is $87.53 and its two-hundred day moving average price is $92.74.

Institutional Investors Weigh In On ProShares Ultra Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. WealthCare Asset Management LLC purchased a new stake in shares of ProShares Ultra Technology during the 4th quarter valued at $2,978,000. Kestra Advisory Services LLC increased its stake in 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 acquiring an additional 686 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in ProShares Ultra Technology during the second quarter valued at about $1,032,000. Osaic Holdings Inc. lifted its stake in ProShares Ultra Technology by 48.0% during the fourth quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock worth $1,022,000 after purchasing an additional 3,517 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in ProShares Ultra Technology by 45.3% during the fourth quarter. HighTower Advisors LLC now owns 8,623 shares of the company’s stock worth $813,000 after purchasing an additional 2,690 shares during the last quarter.

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.