ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 23,195 shares, an increase of 56.8% from the December 31st total of 14,791 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 38,289 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 38,289 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

ProShares Ultra Technology Stock Up 2.8%

Shares of ROM traded up $2.58 during midday trading on Monday, reaching $96.19. 20,267 shares of the stock were exchanged, compared to its average volume of 39,041. The firm has a 50 day simple moving average of $95.62 and a 200-day simple moving average of $91.22. ProShares Ultra Technology has a 12-month low of $36.68 and a 12-month high of $108.12. The company has a market cap of $859.95 million, a price-to-earnings ratio of 38.02 and a beta of 2.41.

Institutional Investors Weigh In On ProShares Ultra Technology

Several large investors have recently made changes to their positions in ROM. PNC Financial Services Group Inc. lifted its stake in shares of ProShares Ultra Technology by 53.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $76,000 after acquiring an additional 350 shares during the period. Aventura Private Wealth LLC acquired a new stake in shares of ProShares Ultra Technology during the fourth quarter worth about $75,000. Northwestern Mutual Wealth Management Co. lifted its stake in ProShares Ultra Technology by 24.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the company’s stock valued at $528,000 after buying an additional 1,115 shares in the last quarter. Kanawha Capital Management LLC acquired a new position in ProShares Ultra Technology in the 3rd quarter worth $203,000. Finally, APS Management Group Inc. bought a new stake in ProShares Ultra Technology in the 4th quarter valued at approximately $207,000.

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.