ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $149.62 and traded as high as $150.87. ProShares Ultra Technology shares last traded at $150.32, with a volume of 59,053 shares traded.
ProShares Ultra Technology Stock Performance
The stock has a 50-day simple moving average of $149.62 and a 200 day simple moving average of $124.72. The stock has a market capitalization of $1.30 billion, a P/E ratio of 38.02 and a beta of 2.72.
Hedge Funds Weigh In On ProShares Ultra Technology
Hedge funds have recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in shares of ProShares Ultra Technology during the third quarter worth approximately $112,000. Oppenheimer & Co. Inc. acquired a new position in ProShares Ultra Technology in the third quarter valued at approximately $446,000. Client First Investment Management LLC acquired a new position in ProShares Ultra Technology in the third quarter valued at approximately $4,852,000. Tucker Asset Management LLC bought a new position in ProShares Ultra Technology in the second quarter valued at approximately $41,000. Finally, Wealthcare Advisory Partners LLC bought a new position in ProShares Ultra Technology in the second quarter valued at approximately $244,000.
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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