ProShares Ultra Technology (NYSEARCA:ROM) Trading 8.7% Higher

ProShares Ultra Technology (NYSEARCA:ROMGet Rating)’s share price traded up 8.7% on Thursday . The company traded as high as $40.34 and last traded at $40.28. 17,842 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 194,777 shares. The stock had previously closed at $37.07.

The business’s fifty day simple moving average is $45.08 and its two-hundred day simple moving average is $53.01.

Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. bought a new position in shares of ProShares Ultra Technology in the 4th quarter valued at about $242,000. Parcion Private Wealth LLC raised its holdings in ProShares Ultra Technology by 100.0% during the 4th quarter. Parcion Private Wealth LLC now owns 4,800 shares of the company’s stock worth $273,000 after buying an additional 2,400 shares during the period. Fermata Advisors LLC acquired a new stake in ProShares Ultra Technology during the 4th quarter worth approximately $214,000. Brown Advisory Inc. acquired a new stake in ProShares Ultra Technology during the 4th quarter worth approximately $744,000. Finally, Koshinski Asset Management Inc. raised its holdings in ProShares Ultra Technology by 21.3% during the 4th quarter. Koshinski Asset Management Inc. now owns 1,109 shares of the company’s stock worth $141,000 after buying an additional 195 shares during the period.

About ProShares Ultra Technology (NYSEARCA:ROM)

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.

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