ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Update

ProShares Ultra Technology (NYSEARCA:ROM) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 19,468 shares, a growth of 54.6% from the January 29th total of 12,591 shares. Based on an average trading volume of 43,510 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 43,510 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On ProShares Ultra Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in ProShares Ultra Technology by 29.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,002 shares of the company’s stock valued at $3,882,000 after acquiring an additional 11,721 shares during the period. Nwam LLC acquired a new stake in shares of ProShares Ultra Technology during the second quarter worth about $265,000. PNC Financial Services Group Inc. boosted its stake in shares of ProShares Ultra Technology by 53.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $76,000 after purchasing an additional 350 shares during the period. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Technology in the second quarter valued at approximately $1,574,000. Finally, Lido Advisors LLC acquired a new position in shares of ProShares Ultra Technology in the second quarter valued at approximately $225,000.

ProShares Ultra Technology Trading Down 3.3%

NYSEARCA ROM opened at $86.11 on Friday. The firm has a market capitalization of $768.96 million, a P/E ratio of 38.02 and a beta of 2.41. ProShares Ultra Technology has a 12-month low of $36.68 and a 12-month high of $108.12. The firm’s fifty day simple moving average is $93.31 and its two-hundred day simple moving average is $92.23.

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.