ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 19,468 shares, an increase of 54.6% from the January 29th total of 12,591 shares. Based on an average daily volume of 43,510 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 43,510 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Ultra Technology Price Performance

NYSEARCA:ROM opened at $86.11 on Friday. The firm has a market cap of $768.96 million, a price-to-earnings ratio of 38.02 and a beta of 2.41. The firm’s fifty day moving average price is $93.31 and its 200 day moving average price is $92.23. ProShares Ultra Technology has a 1-year low of $36.68 and a 1-year high of $108.12.

Institutional Investors Weigh In On ProShares Ultra Technology

A number of hedge funds have recently added to or reduced their stakes in ROM. Integrated Advisors Network LLC purchased a new stake in shares of ProShares Ultra Technology in the fourth quarter valued at approximately $381,000. Osaic Holdings Inc. boosted its position in shares of ProShares Ultra Technology by 48.0% during the 4th quarter. Osaic Holdings Inc. now owns 10,837 shares of the company’s stock worth $1,022,000 after purchasing an additional 3,517 shares in the last quarter. WealthCare Asset Management LLC acquired a new position in shares of ProShares Ultra Technology during the 4th quarter worth $2,978,000. Royal Bank of Canada grew its stake in shares of ProShares Ultra Technology by 132.4% during the 4th quarter. Royal Bank of Canada now owns 711 shares of the company’s stock worth $67,000 after purchasing an additional 405 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in shares of ProShares Ultra Technology by 3.9% in the 4th quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock valued at $1,712,000 after purchasing an additional 686 shares in the last quarter.

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.