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

ProShares Ultra Technology (NYSEARCA:ROM)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $71.51, but opened at $70.00. ProShares Ultra Technology shares last traded at $69.94, with a volume of 1,927 shares changing hands.

ProShares Ultra Technology Stock Down 3.0 %

The company has a 50 day moving average of $68.61 and a 200 day moving average of $66.32.

Institutional Investors Weigh In On ProShares Ultra Technology

Large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares Ultra Technology during the 2nd quarter worth about $30,000. Larson Financial Group LLC bought a new stake in shares of ProShares Ultra Technology in the third quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of ProShares Ultra Technology in the third quarter worth $41,000. Howard Capital Management Inc. bought a new position in ProShares Ultra Technology during the second quarter worth $214,000. Finally, Nwam LLC acquired a new position in ProShares Ultra Technology during the 3rd quarter valued at $215,000.

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.