ProShares Ultra Technology Stock to Split on Thursday, November 19th (NYSEARCA:ROM)

Shares of ProShares Ultra Technology (NYSEARCA:ROM) are going to split on Thursday, November 19th. The 3-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 18th.

ProShares Ultra Technology Stock Performance

ProShares Ultra Technology stock traded down $0.20 during midday trading on Wednesday, reaching $127.50. The stock had a trading volume of 61,766 shares, compared to its average volume of 53,480. The stock’s 50-day simple moving average is $148.85 and its 200 day simple moving average is $125.59. ProShares Ultra Technology has a twelve month low of $71.36 and a twelve month high of $171.82. The stock has a market capitalization of $1.10 billion, a PE ratio of 38.02 and a beta of 2.74.

Hedge Funds Weigh In On ProShares Ultra Technology

Several hedge funds and other institutional investors have recently made changes to their positions in ROM. Client First Investment Management LLC acquired a new stake in ProShares Ultra Technology in the 3rd quarter valued at $4,852,000. Commonwealth Equity Services LLC purchased a new position in ProShares Ultra Technology in the third quarter valued at about $3,270,000. Bank of America Corp DE lifted its stake in shares of ProShares Ultra Technology by 9.8% during the first quarter. Bank of America Corp DE now owns 7,250 shares of the company’s stock worth $568,000 after purchasing an additional 650 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of ProShares Ultra Technology during the third quarter worth about $446,000. Finally, AlphaCore Capital LLC acquired a new position in shares of ProShares Ultra Technology during the third quarter worth about $398,000.

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.