ProShares Ultra Technology (NYSEARCA:ROM) Stock Price Down 1.6% – Here’s What Happened

ProShares Ultra Technology (NYSEARCA:ROM) were down 1.6% during trading on Monday . The stock traded as low as $64.76 and last traded at $66.24. Approximately 47,798 shares were traded during trading, a decline of 14% from the average daily volume of 55,571 shares. The stock had previously closed at $67.33.

ProShares Ultra Technology Stock Performance

The stock’s 50-day simple moving average is $71.51 and its two-hundred day simple moving average is $67.83.

Institutional Investors Weigh In On ProShares Ultra Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. Plotkin Financial Advisors LLC purchased a new stake in shares of ProShares Ultra Technology in the third quarter valued at approximately $1,648,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Technology in the 2nd quarter worth $30,000. Nwam LLC bought a new position in shares of ProShares Ultra Technology during the 3rd quarter worth $215,000. Dale Q Rice Investment Management Ltd purchased a new position in shares of ProShares Ultra Technology during the fourth quarter valued at $2,051,000. Finally, Truvestments Capital LLC bought a new stake in shares of ProShares Ultra Technology in the third quarter valued at about $41,000.

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.