ProShares Ultra Technology (NYSEARCA:ROM) Shares Gap Up – What’s Next?

ProShares Ultra Technology (NYSEARCA:ROM)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $68.13, but opened at $70.98. ProShares Ultra Technology shares last traded at $70.16, with a volume of 3,393 shares.

ProShares Ultra Technology Stock Up 3.4 %

The firm’s 50 day moving average is $71.40 and its two-hundred day moving average is $67.83.

Hedge Funds Weigh In On ProShares Ultra Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares Ultra Technology during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC acquired a new stake in ProShares Ultra Technology in the third quarter worth $27,000. Truvestments Capital LLC bought a new stake in ProShares Ultra Technology in the third quarter valued at $41,000. Nwam LLC acquired a new position in shares of ProShares Ultra Technology during the third quarter valued at about $215,000. Finally, Smith Anglin Financial LLC acquired a new stake in shares of ProShares Ultra Technology in the 3rd quarter valued at about $269,000.

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.