ProShares Ultra Technology (NYSEARCA:ROM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ProShares Ultra Technology (NYSEARCA:ROMGet Free Report) saw strong trading volume on Friday . 49,040 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 50,823 shares.The stock last traded at $150.6220 and had previously closed at $161.98.

ProShares Ultra Technology Stock Performance

The firm’s 50 day moving average price is $116.95 and its two-hundred day moving average price is $100.71. The company has a market cap of $1.28 billion, a P/E ratio of 38.02 and a beta of 2.72.

Institutional Trading of ProShares Ultra Technology

Hedge funds have recently modified their holdings of the stock. Group One Trading LLC bought a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at $26,000. Royal Bank of Canada increased its stake in shares of ProShares Ultra Technology by 132.4% in the 4th quarter. Royal Bank of Canada now owns 711 shares of the company’s stock valued at $67,000 after acquiring an additional 405 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at $75,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Ultra Technology in the 1st quarter valued at $110,000. Finally, APS Management Group Inc. bought a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at $207,000.

ProShares Ultra Technology Company Profile

(Get Free Report)

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

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