ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) shares shot up 2% on Monday . The stock traded as high as $73.14 and last traded at $73.08. 23,810 shares were traded during mid-day trading, a decline of 59% from the average session volume of 57,821 shares. The stock had previously closed at $71.67.
ProShares Ultra Technology Trading Up 2.0 %
The business has a 50 day simple moving average of $70.84 and a two-hundred day simple moving average of $67.70.
Hedge Funds Weigh In On ProShares Ultra Technology
Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of ProShares Ultra Technology by 602.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 49,735 shares of the company’s stock valued at $3,473,000 after acquiring an additional 42,654 shares during the last quarter. Plotkin Financial Advisors LLC acquired a new position in ProShares Ultra Technology during the third quarter worth approximately $1,648,000. Tyche Wealth Partners LLC raised its stake in ProShares Ultra Technology by 44.4% during the third quarter. Tyche Wealth Partners LLC now owns 33,088 shares of the company’s stock worth $2,219,000 after purchasing an additional 10,170 shares during the period. Smith Anglin Financial LLC acquired a new position in shares of ProShares Ultra Technology in the 3rd quarter valued at $269,000. Finally, Nwam LLC purchased a new stake in shares of ProShares Ultra Technology during the 3rd quarter valued at $215,000.
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.
See Also
- Five stocks we like better than ProShares Ultra Technology
- High Flyers: 3 Natural Gas Stocks for March 2022
- Dow Jones: A Relevant Benchmark or a Relic of the Past?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 3 Big-Name Stocks Just Announced Big-Time Dividend Increases
- Short Selling: How to Short a Stock
- Market Overreaction: 2 Stocks to Buy on the Way Down
Receive News & Ratings for ProShares Ultra Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Technology and related companies with MarketBeat.com's FREE daily email newsletter.
