ProShares Ultra Technology (NYSEARCA:ROM) Stock Short Interest Declines 40.8%

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 shares of the stock are sold short. Based on an average daily trading volume, of 21,637 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On ProShares Ultra Technology

Large investors have recently modified their holdings of the stock. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Technology in the fourth quarter valued at approximately $2,978,000. Bank of America Corp DE lifted its holdings in ProShares Ultra Technology by 9.8% during the 1st quarter. Bank of America Corp DE now owns 7,250 shares of the company’s stock worth $568,000 after buying an additional 650 shares in the last quarter. Clearwater Capital Advisors LLC acquired a new position in ProShares Ultra Technology during the 1st quarter worth $316,000. Wealthcare Advisory Partners LLC bought a new position in ProShares Ultra Technology in the 2nd quarter valued at $244,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Technology in the 2nd quarter valued at $240,000.

ProShares Ultra Technology Stock Up 2.0%

NYSEARCA:ROM traded up $3.24 during mid-day trading on Thursday, reaching $162.42. 50,725 shares of the company were exchanged, compared to its average volume of 53,296. ProShares Ultra Technology has a 12 month low of $71.36 and a 12 month high of $171.82. The company has a fifty day moving average of $144.96 and a 200 day moving average of $131.80. The stock has a market cap of $1.45 billion, a PE ratio of 38.02 and a beta of 2.73.

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.