ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $143.25, but opened at $136.14. ProShares Ultra Technology shares last traded at $135.2770, with a volume of 1,699 shares traded.
ProShares Ultra Technology Stock Down 4.0%
The stock has a 50 day moving average price of $145.41 and a 200 day moving average price of $111.26. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 38.02 and a beta of 2.71.
Institutional Investors Weigh In On ProShares Ultra Technology
Hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new stake in shares of ProShares Ultra Technology in the fourth quarter worth $26,000. Royal Bank of Canada raised its position in ProShares Ultra Technology by 132.4% during the 4th quarter. Royal Bank of Canada now owns 711 shares of the company’s stock worth $67,000 after purchasing an additional 405 shares during the last quarter. Bank of America Corp DE lifted its holdings in ProShares Ultra Technology by 9.8% during the 1st quarter. Bank of America Corp DE now owns 7,250 shares of the company’s stock worth $568,000 after buying an additional 650 shares during the period. Kestra Advisory Services LLC lifted its holdings in ProShares Ultra Technology by 3.9% during the 4th quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock worth $1,712,000 after buying an additional 686 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at about $75,000.
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.
Further Reading
- Five stocks we like better than ProShares Ultra Technology
- Toast’s Comeback Story Is Getting Harder for Wall Street to Ignore
- PayPal Stock Surges on $53 Billion Stripe-Advent Buyout Bid
- AI’s Power Crunch Fuels a Pivot for These 2 Oilfield Stocks
- Why Conagra’s Dividend Cut Could Be the Best Thing for Investors
Receive News & Ratings for ProShares Ultra Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Technology and related companies with MarketBeat.com's FREE daily email newsletter.
