ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $140.82, but opened at $148.02. ProShares Ultra Technology shares last traded at $146.4510, with a volume of 2,357 shares trading hands.
ProShares Ultra Technology Price Performance
The company has a 50 day moving average price of $140.89 and a 200 day moving average price of $126.73. The firm has a market cap of $1.19 billion, a PE ratio of 38.02 and a beta of 2.73.
Hedge Funds Weigh In On ProShares Ultra Technology
Several institutional investors have recently bought and sold shares of ROM. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Technology in the 4th quarter worth $2,978,000. Bank of America Corp DE increased its stake in shares of ProShares Ultra Technology by 9.8% during the first quarter. Bank of America Corp DE now owns 7,250 shares of the company’s stock worth $568,000 after acquiring an additional 650 shares during the period. Clearwater Capital Advisors LLC acquired a new position in shares of ProShares Ultra Technology during the first quarter worth about $316,000. Wealthcare Advisory Partners LLC purchased a new position in ProShares Ultra Technology during the second quarter worth about $244,000. Finally, Valeo Financial Advisors LLC purchased a new position in ProShares Ultra Technology during the second quarter worth about $240,000.
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.
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