ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Up 134.3% in May

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 54,938 shares, an increase of 134.3% from the May 14th total of 23,448 shares. Based on an average daily trading volume, of 69,785 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra Technology

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of 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 valued at $568,000 after buying an additional 650 shares in the last quarter. Clearwater Capital Advisors LLC bought a new stake in shares of ProShares Ultra Technology during the 1st quarter valued at $316,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Ultra Technology during the 1st quarter valued at $110,000. Integrated Advisors Network LLC bought a new stake in shares of ProShares Ultra Technology during the 4th quarter valued at $381,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of ProShares Ultra Technology by 48.0% during the 4th quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock valued at $1,022,000 after buying an additional 3,517 shares in the last quarter.

ProShares Ultra Technology Stock Performance

Shares of ROM stock opened at $146.87 on Monday. ProShares Ultra Technology has a 12 month low of $67.59 and a 12 month high of $171.82. The stock has a market cap of $1.26 billion, a PE ratio of 38.02 and a beta of 2.72. The company’s fifty day moving average price is $124.64 and its 200-day moving average price is $102.97.

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.