Clearwater Capital Advisors LLC acquired a new position in ProShares Ultra Technology (NYSEARCA:ROM – Free Report) during the 1st quarter, HoldingsChannel reports. The fund acquired 4,031 shares of the company’s stock, valued at approximately $316,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. WealthCare Asset Management LLC acquired a new stake in ProShares Ultra Technology in the fourth quarter valued at $2,978,000. Quantinno Capital Management LP acquired a new position in ProShares Ultra Technology during the 2nd quarter worth about $1,032,000. Osaic Holdings Inc. lifted its holdings in ProShares Ultra Technology by 1,259.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,331 shares of the company’s stock worth $786,000 after buying an additional 9,571 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of ProShares Ultra Technology in the 4th quarter valued at about $604,000. Finally, Cerity Partners LLC bought a new stake in shares of ProShares Ultra Technology in the 2nd quarter valued at about $487,000.
ProShares Ultra Technology Trading Down 0.5%
Shares of ROM stock opened at $137.75 on Thursday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 38.02 and a beta of 2.71. The stock has a 50-day moving average of $145.42 and a 200-day moving average of $112.61. ProShares Ultra Technology has a 1-year low of $71.36 and a 1-year high of $171.82.
About ProShares Ultra Technology
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.
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