ProShares Ultra Technology (NYSEARCA:ROM) Stock Short Interest Report for October

ProShares Ultra Technology (NYSEARCA:ROM) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 35,483 shares, a growth of 173.1% from the October 15th total of 12,995 shares. Based on an average daily volume of 56,484 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. acquired a new position in shares of ProShares Ultra Technology in the third quarter valued at approximately $4,927,000. Client First Investment Management LLC acquired a new stake in shares of ProShares Ultra Technology during the third quarter worth $4,852,000. Commonwealth Equity Services LLC bought a new stake in ProShares Ultra Technology in the 3rd quarter valued at $3,270,000. Private Advisor Group LLC bought a new stake in ProShares Ultra Technology in the 3rd quarter valued at $1,499,000. Finally, HighTower Advisors LLC acquired a new position in ProShares Ultra Technology in the 3rd quarter worth $1,264,000.

ProShares Ultra Technology Stock Performance

NYSEARCA ROM opened at $122.05 on Friday. The business has a 50 day simple moving average of $145.60 and a 200 day simple moving average of $126.23. ProShares Ultra Technology has a 52-week low of $71.36 and a 52-week high of $171.82. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 38.02 and a beta of 2.74.

Shares of ProShares Ultra Technology are going to split before the market opens on Thursday, November 19th. The 3-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 18th.

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. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the Index.