Shares of ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $99.79 and last traded at $99.33, with a volume of 12411 shares changing hands. The stock had previously closed at $96.70.
ProShares Ultra Technology Price Performance
The firm’s 50-day moving average price is $88.48 and its 200 day moving average price is $74.95. The firm has a market capitalization of $917.16 million, a price-to-earnings ratio of 38.02 and a beta of 2.37.
Institutional Trading of ProShares Ultra Technology
A number of hedge funds have recently bought and sold shares of the company. Independent Wealth Network Inc. acquired a new stake in ProShares Ultra Technology during the third quarter worth approximately $209,000. Osaic Holdings Inc. boosted its position in ProShares Ultra Technology by 1,259.3% during the second quarter. Osaic Holdings Inc. now owns 10,331 shares of the company’s stock worth $786,000 after acquiring an additional 9,571 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in ProShares Ultra Technology during the second quarter worth approximately $262,000. Quantinno Capital Management LP acquired a new stake in ProShares Ultra Technology during the second quarter worth approximately $1,032,000. Finally, Cerity Partners LLC acquired a new stake in ProShares Ultra Technology during the second quarter worth approximately $487,000.
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.
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