ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 14,791 shares, a growth of 54.1% from the December 15th total of 9,600 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra Technology

Several institutional investors have recently modified their holdings of ROM. Aventura Private Wealth LLC bought a new position in shares of ProShares Ultra Technology during the fourth quarter valued at $75,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ProShares Ultra Technology by 24.3% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 5,695 shares of the company’s stock worth $528,000 after buying an additional 1,115 shares during the last quarter. Kanawha Capital Management LLC bought a new position in shares of ProShares Ultra Technology in the 3rd quarter worth $203,000. Independent Wealth Network Inc. bought a new stake in shares of ProShares Ultra Technology in the 3rd quarter valued at about $209,000. Finally, Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 9,571 shares in the last quarter.

ProShares Ultra Technology Trading Up 0.1%

ROM stock traded up $0.13 during mid-day trading on Friday, hitting $96.19. The stock had a trading volume of 16,937 shares, compared to its average volume of 36,312. The stock has a market capitalization of $864.75 million, a price-to-earnings ratio of 38.02 and a beta of 2.41. ProShares Ultra Technology has a 1-year low of $36.68 and a 1-year high of $108.12. The company has a fifty day moving average of $95.07 and a 200 day moving average of $89.87.

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.