Short Interest in ProShares Ultra Technology (NYSEARCA:ROM) Increases By 54.1%

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 14,791 shares, a growth of 54.1% from the December 15th total of 9,600 shares. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On ProShares Ultra Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aventura Private Wealth LLC acquired a new position in shares of ProShares Ultra Technology during the fourth quarter worth approximately $75,000. PNC Financial Services Group Inc. raised its position in ProShares Ultra Technology by 53.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock worth $76,000 after purchasing an additional 350 shares during the last quarter. Kanawha Capital Management LLC acquired a new position in ProShares Ultra Technology during the 3rd quarter worth $203,000. Independent Wealth Network Inc. acquired a new position in ProShares Ultra Technology during the 3rd quarter worth $209,000. Finally, Lido Advisors LLC bought a new position in ProShares Ultra Technology in the 2nd quarter valued at $225,000.

ProShares Ultra Technology Stock Performance

ProShares Ultra Technology stock opened at $96.19 on Friday. The business’s fifty day moving average is $95.07 and its two-hundred day moving average is $89.87. The firm has a market cap of $864.75 million, a P/E ratio of 38.02 and a beta of 2.41. ProShares Ultra Technology has a 52 week low of $36.68 and a 52 week high of $108.12.

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.