ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report)’s stock price reached a new 52-week high on Thursday . The company traded as high as $151.09 and last traded at $148.14, with a volume of 44350 shares changing hands. The stock had previously closed at $149.73.
ProShares Ultra Technology Trading Up 4.5%
The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 38.02 and a beta of 2.63. The business’s 50-day simple moving average is $110.27 and its two-hundred day simple moving average is $98.76.
Institutional Trading of ProShares Ultra Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at approximately $26,000. Royal Bank of Canada increased its position in ProShares Ultra Technology by 132.4% during the 4th quarter. Royal Bank of Canada now owns 711 shares of the company’s stock valued at $67,000 after purchasing an additional 405 shares during the period. Aventura Private Wealth LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at approximately $75,000. Cassaday & Co Wealth Management LLC acquired a new stake in ProShares Ultra Technology during the 1st quarter valued at approximately $110,000. Finally, APS Management Group Inc. acquired a new stake in ProShares Ultra Technology during the 4th quarter valued at approximately $207,000.
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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