ProShares Ultra Technology (NYSEARCA:ROM) Short Interest Up 54.1% in December

ProShares Ultra Technology (NYSEARCA:ROM) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 14,791 shares, an increase of 54.1% from the December 15th total of 9,600 shares. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 25,035 shares, the short-interest ratio is currently 0.6 days.

ProShares Ultra Technology Trading Up 0.1%

NYSEARCA:ROM traded up $0.13 during mid-day trading on Friday, hitting $96.19. The company had a trading volume of 16,937 shares, compared to its average volume of 36,312. The business has a fifty day simple moving average of $95.06 and a 200-day simple moving average of $89.62. ProShares Ultra Technology has a 1 year low of $36.68 and a 1 year high of $108.12. The firm has a market capitalization of $866.67 million, a price-to-earnings ratio of 38.02 and a beta of 2.41.

Hedge Funds Weigh In On ProShares Ultra Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aventura Private Wealth LLC acquired a new stake in ProShares Ultra Technology in the fourth quarter valued at approximately $75,000. PNC Financial Services Group Inc. grew its holdings in ProShares Ultra Technology by 53.8% during the 2nd 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 in the last quarter. Kanawha Capital Management LLC purchased a new stake in ProShares Ultra Technology during the 3rd quarter worth $203,000. Independent Wealth Network Inc. purchased a new stake in ProShares Ultra Technology during the 3rd quarter worth $209,000. Finally, Lido Advisors LLC acquired a new position in ProShares Ultra Technology in the 2nd quarter worth $225,000.

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.