ProShares Ultra Technology $ROM Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in ProShares Ultra Technology (NYSEARCA:ROM) by 18.7% during the third quarter, HoldingsChannel reports. The fund owned 41,472 shares of the company’s stock after selling 9,530 shares during the period. Envestnet Asset Management Inc.’s holdings in ProShares Ultra Technology were worth $3,843,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROM. Quadrature Capital Ltd acquired a new position in ProShares Ultra Technology in the second quarter valued at approximately $1,574,000. Quantinno Capital Management LP purchased a new stake in shares of ProShares Ultra Technology during the 2nd quarter worth approximately $1,032,000. Osaic Holdings Inc. boosted its holdings in shares of ProShares Ultra Technology by 1,259.3% in the 2nd quarter. Osaic Holdings Inc. now owns 10,331 shares of the company’s stock valued at $786,000 after buying an additional 9,571 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of ProShares Ultra Technology in the 2nd quarter valued at $487,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in ProShares Ultra Technology during the 2nd quarter worth $262,000.

ProShares Ultra Technology Price Performance

Shares of ROM opened at $88.23 on Wednesday. ProShares Ultra Technology has a 1-year low of $36.68 and a 1-year high of $108.12. The stock has a market cap of $787.89 million, a PE ratio of 38.02 and a beta of 2.41. The firm has a fifty day moving average price of $93.47 and a 200 day moving average price of $92.17.

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.