ProShares Ultra Technology (NYSEARCA:ROM) Shares Set to Split on Thursday, November 19th

ProShares Ultra Technology (NYSEARCA:ROM) shares are set to split before the market opens on Thursday, November 19th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 18th.

ProShares Ultra Technology Price Performance

ProShares Ultra Technology stock traded down $0.20 during midday trading on Wednesday, hitting $127.50. 61,766 shares of the company were exchanged, compared to its average volume of 53,480. The company’s fifty day moving average price is $148.85 and its 200-day moving average price is $125.59. The company has a market cap of $1.10 billion, a PE ratio of 38.02 and a beta of 2.74. ProShares Ultra Technology has a fifty-two week low of $71.36 and a fifty-two week high of $171.82.

Institutional Trading of ProShares Ultra Technology

Hedge funds have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in shares of ProShares Ultra Technology during the third quarter worth $32,000. AlphaCore Capital LLC acquired a new stake in ProShares Ultra Technology during the 3rd quarter valued at $398,000. Commonwealth Equity Services LLC acquired a new stake in ProShares Ultra Technology during the 3rd quarter valued at $3,270,000. Chicago Partners Investment Group LLC acquired a new stake in ProShares Ultra Technology during the 3rd quarter valued at $326,000. Finally, Livelsberger Financial Advisory purchased a new stake in ProShares Ultra Technology during the 3rd quarter worth $112,000.

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.