ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 19,468 shares, a growth of 54.6% from the January 29th total of 12,591 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 43,510 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 43,510 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nwam LLC purchased a new stake in shares of ProShares Ultra Technology in the 2nd quarter valued at about $265,000. Quadrature Capital Ltd purchased a new stake in ProShares Ultra Technology in the second quarter valued at approximately $1,574,000. Envestnet Asset Management Inc. grew its stake in ProShares Ultra Technology by 29.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 51,002 shares of the company’s stock worth $3,882,000 after buying an additional 11,721 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of ProShares Ultra Technology during the 4th quarter valued at $381,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of ProShares Ultra Technology by 48.0% during the 4th quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock worth $1,022,000 after acquiring an additional 3,517 shares during the last quarter.

ProShares Ultra Technology Price Performance

Shares of ROM traded up $1.20 during midday trading on Monday, hitting $87.31. 29,879 shares of the company traded hands, compared to its average volume of 40,960. ProShares Ultra Technology has a one year low of $36.68 and a one year high of $108.12. The firm has a market cap of $779.65 million, a P/E ratio of 38.02 and a beta of 2.41. The stock has a 50-day moving average of $93.31 and a 200-day moving average of $92.28.

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.