ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $159.59, but opened at $143.96. ProShares Ultra Technology shares last traded at $143.41, with a volume of 10,105 shares traded.
ProShares Ultra Technology Trading Down 2.8%
The company has a market capitalization of $1.27 billion, a P/E ratio of 38.02 and a beta of 2.72. The business has a 50 day moving average price of $150.54 and a 200 day moving average price of $136.82.
Institutional Investors Weigh In On ProShares Ultra Technology
Several large investors have recently bought and sold shares of ROM. WealthCare Asset Management LLC bought a new position in shares of ProShares Ultra Technology during the fourth quarter worth $2,978,000. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Technology in the 3rd quarter valued at $4,852,000. Clearwater Capital Advisors LLC bought a new stake in shares of ProShares Ultra Technology in the 1st quarter valued at $316,000. Wealthcare Advisory Partners LLC bought a new stake in shares of ProShares Ultra Technology in the 2nd quarter valued at $244,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of 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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