ProShares Ultra Technology (NYSEARCA:ROM) Sees Large Drop in Short Interest

ProShares Ultra Technology (NYSEARCA:ROM) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,301 shares, a decline of 74.0% from the May 31st total of 54,938 shares. Based on an average daily volume of 119,358 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of ProShares Ultra Technology

A number of institutional investors and hedge funds have recently modified their holdings of ROM. WealthCare Asset Management LLC purchased a new position in shares of ProShares Ultra Technology in the 4th quarter worth $2,978,000. Kestra Advisory Services LLC boosted its position in shares of ProShares Ultra Technology by 3.9% in the fourth quarter. Kestra Advisory Services LLC now owns 18,156 shares of the company’s stock worth $1,712,000 after purchasing an additional 686 shares during the period. Quantinno Capital Management LP purchased a new stake in ProShares Ultra Technology in the 2nd quarter worth $1,032,000. Osaic Holdings Inc. grew its position in shares of ProShares Ultra Technology by 48.0% during the fourth 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. Finally, HighTower Advisors LLC grew its holdings in ProShares Ultra Technology by 45.3% during the 4th quarter. HighTower Advisors LLC now owns 8,623 shares of the company’s stock valued at $813,000 after buying an additional 2,690 shares in the last quarter.

ProShares Ultra Technology Stock Performance

ProShares Ultra Technology stock opened at $139.97 on Friday. ProShares Ultra Technology has a fifty-two week low of $71.36 and a fifty-two week high of $171.82. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 38.02 and a beta of 2.72. The stock’s 50 day simple moving average is $136.93 and its two-hundred day simple moving average is $106.82.

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.