ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 14,975 shares, a decrease of 40.8% from the August 31st total of 25,308 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 21,637 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On ProShares Ultra Technology

A number of hedge funds have recently added to or reduced their stakes in the business. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Technology during the fourth quarter worth $2,978,000. Bank of America Corp DE boosted its holdings in shares of ProShares Ultra Technology by 9.8% in the 1st quarter. Bank of America Corp DE now owns 7,250 shares of the company’s stock valued at $568,000 after buying an additional 650 shares during the period. Clearwater Capital Advisors LLC acquired a new position in shares of ProShares Ultra Technology in the 1st quarter valued at about $316,000. Wealthcare Advisory Partners LLC bought a new stake in shares of ProShares Ultra Technology during the 2nd quarter valued at about $244,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of ProShares Ultra Technology during the 2nd quarter valued at about $240,000.

ProShares Ultra Technology Stock Performance

Shares of ROM stock traded up $3.50 during trading hours on Wednesday, hitting $160.74. 10,069 shares of the company were exchanged, compared to its average volume of 53,074. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 38.02 and a beta of 2.73. ProShares Ultra Technology has a one year low of $71.36 and a one year high of $171.82. The business’s 50-day simple moving average is $143.98 and its two-hundred day simple moving average is $130.71.

About ProShares Ultra Technology

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.