ProShares Ultra Technology (NYSEARCA:ROM) Sets New 52-Week High – Here’s What Happened

ProShares Ultra Technology (NYSEARCA:ROMGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $151.09 and last traded at $148.14, with a volume of 44350 shares changing hands. The stock had previously closed at $149.73.

ProShares Ultra Technology Trading Down 1.1%

The stock has a 50-day simple moving average of $107.48 and a 200-day simple moving average of $97.94. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 38.02 and a beta of 2.63.

Hedge Funds Weigh In On ProShares Ultra Technology

A number of institutional investors have recently made changes to their positions in ROM. Group One Trading LLC acquired a new position in shares of ProShares Ultra Technology in the 4th quarter valued at approximately $26,000. Royal Bank of Canada raised its position 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 purchasing an additional 405 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in shares of ProShares Ultra Technology in the 4th quarter valued at approximately $75,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares Ultra Technology in the 1st quarter valued at approximately $110,000. Finally, APS Management Group Inc. acquired a new position in shares of ProShares Ultra Technology in the 4th quarter valued at approximately $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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