ProShares Ultra Technology (NYSEARCA:ROM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ProShares Ultra Technology (NYSEARCA:ROM) saw unusually-strong trading volume on Friday . Approximately 49,040 shares changed hands during trading, a decline of 4% from the previous session’s volume of 50,823 shares.The stock last traded at $150.6220 and had previously closed at $161.98.

ProShares Ultra Technology Stock Performance

The firm has a market cap of $1.28 billion, a P/E ratio of 38.02 and a beta of 2.72. The stock’s 50 day simple moving average is $116.95 and its 200 day simple moving average is $100.71.

Institutional Trading of ProShares Ultra Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in ProShares Ultra Technology during the 4th quarter valued at $604,000. HighTower Advisors LLC boosted its holdings in ProShares Ultra Technology by 45.3% during the 4th quarter. HighTower Advisors LLC now owns 8,623 shares of the company’s stock worth $813,000 after acquiring an additional 2,690 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in ProShares Ultra Technology by 48.0% during the 4th quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock worth $1,022,000 after acquiring an additional 3,517 shares during the last quarter. WealthCare Asset Management LLC purchased a new position in ProShares Ultra Technology during the 4th quarter worth $2,978,000. Finally, Clearwater Capital Advisors LLC purchased a new position in ProShares Ultra Technology during the 1st quarter worth $316,000.

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.