ProShares Ultra Technology (NYSEARCA:ROM) Trading Up 2% – Here’s Why

ProShares Ultra Technology (NYSEARCA:ROM)’s share price rose 2% during trading on Monday . The company traded as high as $73.14 and last traded at $73.08. Approximately 23,810 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 57,821 shares. The stock had previously closed at $71.67.

ProShares Ultra Technology Stock Up 2.0 %

The business’s fifty day simple moving average is $70.84 and its 200 day simple moving average is $67.70.

Hedge Funds Weigh In On ProShares Ultra Technology

A number of large investors have recently bought and sold shares of ROM. Plotkin Financial Advisors LLC bought a new position in ProShares Ultra Technology during the 3rd quarter worth $1,648,000. Truvestments Capital LLC bought a new position in shares of ProShares Ultra Technology during the third quarter worth about $41,000. Larson Financial Group LLC acquired a new stake in shares of ProShares Ultra Technology in the 3rd quarter worth about $27,000. Nwam LLC bought a new stake in ProShares Ultra Technology in the 3rd quarter valued at about $215,000. Finally, Tyche Wealth Partners LLC boosted its stake in ProShares Ultra Technology by 44.4% during the 3rd quarter. Tyche Wealth Partners LLC now owns 33,088 shares of the company’s stock valued at $2,219,000 after purchasing an additional 10,170 shares during the period.

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.