Truvestments Capital LLC Takes Position in ProShares Ultra Technology (NYSEARCA:ROM)

Truvestments Capital LLC purchased a new stake in ProShares Ultra Technology (NYSEARCA:ROM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 616 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in ProShares Ultra Technology by 602.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 49,735 shares of the company’s stock valued at $3,473,000 after purchasing an additional 42,654 shares during the last quarter. Tyche Wealth Partners LLC boosted its holdings in ProShares Ultra Technology by 44.4% in the third quarter. Tyche Wealth Partners LLC now owns 33,088 shares of the company’s stock valued at $2,219,000 after purchasing an additional 10,170 shares during the last quarter. Tactive Advisors LLC boosted its holdings in ProShares Ultra Technology by 255.7% in the first quarter. Tactive Advisors LLC now owns 19,757 shares of the company’s stock valued at $1,200,000 after purchasing an additional 14,202 shares during the last quarter. Smith Anglin Financial LLC purchased a new stake in shares of ProShares Ultra Technology during the 3rd quarter worth about $269,000. Finally, Nwam LLC purchased a new stake in shares of ProShares Ultra Technology during the 3rd quarter worth about $215,000.

ProShares Ultra Technology Price Performance

ROM stock opened at $69.56 on Thursday. The company’s 50-day simple moving average is $68.76 and its 200-day simple moving average is $66.34. ProShares Ultra Technology has a 52-week low of $47.16 and a 52-week high of $77.46.

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.