ProShares Ultra Technology (NYSEARCA:ROM) Stock Price Down 1.6% – Should You Sell?

Posted by Samantha Reynolds on Jan 16th, 2025

ProShares Ultra Technology (NYSEARCA:ROM – Get Free Report)’s share price fell 1.6% during mid-day trading on Monday . The stock traded as low as $64.76 and last traded at $66.24. 47,798 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 55,571 shares. The stock had previously closed at $67.33.

ProShares Ultra Technology Trading Up 3.9 %

The business’s 50 day simple moving average is $71.51 and its 200 day simple moving average is $67.83.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ROM. Larson Financial Group LLC purchased a new position in ProShares Ultra Technology during the third quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Technology during the 2nd quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of ProShares Ultra Technology in the 3rd quarter valued at about $41,000. Nwam LLC purchased a new position in ProShares Ultra Technology in the third quarter worth about $215,000. Finally, Smith Anglin Financial LLC bought a new stake in ProShares Ultra Technology during the third quarter worth approximately $269,000.

ProShares Ultra Technology Company Profile

(Get Free Report)

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.