ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) traded down 4.8% on Tuesday . The stock traded as low as $143.10 and last traded at $144.49. Approximately 72,267 shares were traded during mid-day trading, an increase of 26% from the average session volume of 57,146 shares. The stock had previously closed at $151.80.
ProShares Ultra Technology Stock Down 4.8%
The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 38.02 and a beta of 2.73. The business has a 50 day moving average price of $142.46 and a 200-day moving average price of $118.44.
Hedge Funds Weigh In On ProShares Ultra Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of ProShares Ultra Technology during the fourth quarter worth $604,000. Clearwater Capital Advisors LLC acquired a new stake in ProShares Ultra Technology during the 1st quarter valued at $316,000. WealthCare Asset Management LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at $2,978,000. Cassaday & Co Wealth Management LLC acquired a new stake in ProShares Ultra Technology during the 1st quarter valued at $110,000. Finally, River Wealth Advisors LLC purchased a new stake in ProShares Ultra Technology during the 4th quarter worth $552,000.
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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