ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) saw strong trading volume on Tuesday . 54,211 shares changed 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 Stock Performance
The business’s 50 day moving average is $145.13 and its two-hundred day moving average is $113.36. The firm has a market capitalization of $1.07 billion, a PE ratio of 38.02 and a beta of 2.71.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Group One Trading LLC bought a new stake in shares of ProShares Ultra Technology during the fourth quarter valued at about $26,000. Royal Bank of Canada grew its stake in ProShares Ultra Technology by 132.4% during the fourth quarter. Royal Bank of Canada now owns 711 shares of the company’s stock valued at $67,000 after acquiring an additional 405 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in ProShares Ultra Technology during the 1st quarter worth approximately $110,000. APS Management Group Inc. purchased a new stake in ProShares Ultra Technology in the 4th quarter worth approximately $207,000. Finally, Valeo Financial Advisors LLC bought a new position in ProShares Ultra Technology in the 2nd quarter valued at $240,000.
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.
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