ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $137.59 and last traded at $136.3720, with a volume of 7186 shares. The stock had previously closed at $135.07.
ProShares Ultra Technology Price Performance
The company’s 50-day moving average price is $92.89 and its two-hundred day moving average price is $94.18. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 38.02 and a beta of 2.63.
Institutional Investors Weigh In On ProShares Ultra Technology
A number of large investors have recently bought and sold shares of ROM. WealthCare Asset Management LLC acquired a new stake in ProShares Ultra Technology in the fourth quarter worth $2,978,000. Quantinno Capital Management LP acquired a new stake in ProShares Ultra Technology in the second quarter worth $1,032,000. Osaic Holdings Inc. grew its holdings in ProShares Ultra Technology by 1,259.3% in the second quarter. Osaic Holdings Inc. now owns 10,331 shares of the company’s stock worth $786,000 after purchasing an additional 9,571 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in ProShares Ultra Technology in the fourth quarter worth $604,000. Finally, Cerity Partners LLC acquired a new stake in ProShares Ultra Technology in the second quarter worth $487,000.
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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