ProShares Ultra Technology (NYSEARCA:ROM) Sees Significant Growth in Short Interest

ProShares Ultra Technology (NYSEARCA:ROM) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 38,771 shares, a growth of 171.1% from the June 15th total of 14,301 shares. Based on an average daily trading volume, of 69,653 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

ProShares Ultra Technology Trading Down 2.2%

Shares of NYSEARCA ROM traded down $3.09 during mid-day trading on Wednesday, reaching $140.16. The company had a trading volume of 43,728 shares, compared to its average volume of 57,059. The stock has a market cap of $1.21 billion, a PE ratio of 38.02 and a beta of 2.71. The company has a 50-day moving average price of $145.15 and a two-hundred day moving average price of $110.96. ProShares Ultra Technology has a 1-year low of $71.36 and a 1-year high of $171.82.

Institutional Trading of ProShares Ultra Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC acquired a new position in shares of ProShares Ultra Technology in the fourth quarter worth about $26,000. Royal Bank of Canada raised its holdings in shares of 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 during the period. Aventura Private Wealth LLC acquired a new stake in shares of ProShares Ultra Technology during the fourth quarter valued at approximately $75,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares Ultra Technology in the 1st quarter valued at approximately $110,000. Finally, APS Management Group Inc. purchased a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at approximately $207,000.

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.