ProShares Ultra Technology (NYSEARCA:ROM) Sees Large Volume Increase – What’s Next?

Shares of ProShares Ultra Technology (NYSEARCA:ROM) saw strong trading volume on Monday . 33,835 shares were traded during mid-day trading, a decline of 34% from the previous session’s volume of 51,313 shares.The stock last traded at $51.56 and had previously closed at $53.20.

ProShares Ultra Technology Stock Performance

The business’s 50 day moving average price is $64.33 and its 200-day moving average price is $67.86. The company has a market cap of $550.40 million, a price-to-earnings ratio of 31.28 and a beta of 2.36.

ProShares Ultra Technology Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.0172 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of ProShares Ultra Technology

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of ProShares Ultra Technology during the fourth quarter worth approximately $45,000. IFP Advisors Inc increased its holdings in ProShares Ultra Technology by 20.0% during the 4th quarter. IFP Advisors Inc now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 150 shares in the last quarter. Lido Advisors LLC bought a new position in ProShares Ultra Technology in the 4th quarter valued at $206,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in ProShares Ultra Technology in the fourth quarter worth $225,000. Finally, Discipline Wealth Solutions LLC bought a new stake in shares of ProShares Ultra Technology during the fourth quarter worth $301,000.

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.