Client First Investment Management LLC Acquires New Position in ProShares Ultra Technology $ROM

Client First Investment Management LLC bought a new position in shares of ProShares Ultra Technology (NYSEARCA:ROM) in the third quarter, HoldingsChannel.com reports. The firm bought 30,481 shares of the company’s stock, valued at approximately $4,852,000. ProShares Ultra Technology makes up 2.3% of Client First Investment Management LLC’s portfolio, making the stock its 8th largest position.

A number of other institutional investors also recently bought and sold shares of ROM. WealthCare Asset Management LLC purchased a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at $2,978,000. Bank of America Corp DE increased its position 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. Clearwater Capital Advisors LLC purchased a new position in shares of ProShares Ultra Technology during the first quarter worth approximately $316,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of ProShares Ultra Technology during the second quarter worth approximately $244,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of ProShares Ultra Technology during the 2nd quarter worth $240,000.

ProShares Ultra Technology Trading Up 1.0%

ROM stock opened at $163.61 on Friday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 38.02 and a beta of 2.72. The firm has a 50 day moving average of $149.68 and a 200-day moving average of $134.88. ProShares Ultra Technology has a 12-month low of $71.36 and a 12-month high of $171.82.

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.