ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $60.82 and last traded at $60.79, with a volume of 32060 shares changing hands. The stock had previously closed at $59.47.
ProShares Ultra Technology Price Performance
The firm’s fifty day moving average is $53.64 and its 200-day moving average is $46.76.
Hedge Funds Weigh In On ProShares Ultra Technology
Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in ProShares Ultra Technology by 269.9% during the first quarter. Envestnet Asset Management Inc. now owns 33,836 shares of the company’s stock worth $1,176,000 after purchasing an additional 24,689 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of ProShares Ultra Technology during the fourth quarter worth about $1,216,000. Citadel Advisors LLC lifted its holdings in shares of ProShares Ultra Technology by 221.1% in the 3rd quarter. Citadel Advisors LLC now owns 25,363 shares of the company’s stock valued at $601,000 after purchasing an additional 17,463 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in ProShares Ultra Technology during the 2nd quarter worth approximately $572,000. Finally, Eqis Capital Management Inc. purchased a new stake in ProShares Ultra Technology in the first quarter valued at approximately $602,000.
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.
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