ProShares Ultra Technology (NYSEARCA:ROM) Shares Gap Down – Here’s What Happened

Shares of ProShares Ultra Technology (NYSEARCA:ROM) gapped down prior to trading on Wednesday . The stock had previously closed at $158.64, but opened at $145.66. ProShares Ultra Technology shares last traded at $145.0210, with a volume of 3,830 shares trading hands.

ProShares Ultra Technology Stock Up 0.6%

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 38.02 and a beta of 2.72. The business has a 50 day moving average price of $134.14 and a 200-day moving average price of $105.92.

Institutional Investors Weigh In On ProShares Ultra Technology

A number of institutional investors have recently made changes to their positions in the company. WealthCare Asset Management LLC bought a new stake in shares of ProShares Ultra Technology during the 4th quarter valued at about $2,978,000. Kestra Advisory Services LLC raised its stake in ProShares Ultra Technology by 3.9% during the fourth quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock worth $1,712,000 after acquiring an additional 686 shares during the period. Quantinno Capital Management LP bought a new position in ProShares Ultra Technology in the second quarter worth about $1,032,000. Osaic Holdings Inc. lifted its holdings in ProShares Ultra Technology by 48.0% in the fourth 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. Finally, HighTower Advisors LLC boosted its stake in ProShares Ultra Technology by 45.3% in the fourth quarter. HighTower Advisors LLC now owns 8,623 shares of the company’s stock valued at $813,000 after acquiring an additional 2,690 shares during the period.

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.