ProShares Ultra Technology (NYSEARCA:ROM) Shares Down 6.2%

Shares of ProShares Ultra Technology (NYSEARCA:ROM) were down 6.2% on Wednesday . The stock traded as low as $64.40 and last traded at $64.56. Approximately 41,162 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 66,769 shares. The stock had previously closed at $68.86.

ProShares Ultra Technology Price Performance

The business has a 50-day moving average of $68.21 and a 200 day moving average of $61.51.

Institutional Trading of ProShares Ultra Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in ProShares Ultra Technology during the 4th quarter valued at about $58,000. YHB Investment Advisors Inc. bought a new stake in ProShares Ultra Technology during the 1st quarter valued at $70,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in ProShares Ultra Technology during the 4th quarter valued at $202,000. Brave Asset Management Inc. purchased a new position in ProShares Ultra Technology in the fourth quarter worth $222,000. Finally, Parcion Private Wealth LLC purchased a new position in ProShares Ultra Technology in the fourth quarter worth $255,000.

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.