ProShares Ultra Technology (NYSEARCA:ROM) Shares Gap Up to $62.07

ProShares Ultra Technology (NYSEARCA:ROM) shares gapped up prior to trading on Thursday . The stock had previously closed at $62.07, but opened at $65.74. ProShares Ultra Technology shares last traded at $65.38, with a volume of 8,827 shares traded.

ProShares Ultra Technology Stock Down 1.0 %

The firm’s fifty day simple moving average is $62.81 and its 200 day simple moving average is $62.75.

Institutional Trading of ProShares Ultra Technology

Large investors have recently added to or reduced their stakes in the company. Howard Capital Management Inc. acquired a new position in ProShares Ultra Technology in the 2nd quarter valued at approximately $214,000. Livelsberger Financial Advisory acquired a new stake in ProShares Ultra Technology during the fourth quarter valued at $58,000. Clarity Capital Partners LLC purchased a new position in ProShares Ultra Technology in the fourth quarter valued at about $2,718,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of ProShares Ultra Technology by 602.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 49,735 shares of the company’s stock worth $3,473,000 after purchasing an additional 42,654 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Technology during the 2nd quarter valued at about $30,000.

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.