ProShares Ultra Technology (NYSEARCA:ROM) Sees Strong Trading Volume – Should You Buy?

ProShares Ultra Technology (NYSEARCA:ROM) saw an uptick in trading volume on Monday . 33,835 shares were traded during 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 Price Performance

The company has a market capitalization of $528.43 million, a PE ratio of 31.28 and a beta of 2.36. The stock has a 50-day simple moving average of $65.01 and a 200 day simple moving average of $68.00.

ProShares Ultra Technology Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a $0.0172 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Technology

Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new stake in shares of ProShares Ultra Technology in the third quarter valued at about $27,000. Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra Technology during the 3rd quarter valued at $1,648,000. Dale Q Rice Investment Management Ltd purchased a new stake in ProShares Ultra Technology during the 4th quarter worth about $2,051,000. IFP Advisors Inc raised its stake in ProShares Ultra Technology by 20.0% in 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 during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in ProShares Ultra Technology in the 4th quarter valued at about $45,000.

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.