Brave Asset Management Inc. Makes New Investment in ProShares Ultra Technology (NYSEARCA:ROM)

Brave Asset Management Inc. purchased a new position in shares of ProShares Ultra Technology (NYSEARCA:ROM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,176 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of ProShares Ultra Technology by 2.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,979 shares of the company’s stock valued at $469,000 after acquiring an additional 337 shares during the period. Commonwealth Equity Services LLC grew its position in shares of ProShares Ultra Technology by 1.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 19,107 shares of the company’s stock valued at $664,000 after acquiring an additional 350 shares during the period. Simplex Trading LLC grew its position in shares of ProShares Ultra Technology by 66.7% during the 3rd quarter. Simplex Trading LLC now owns 1,032 shares of the company’s stock valued at $40,000 after acquiring an additional 413 shares during the period. Royal Bank of Canada grew its position in shares of ProShares Ultra Technology by 73.0% during the 1st quarter. Royal Bank of Canada now owns 1,280 shares of the company’s stock valued at $64,000 after acquiring an additional 540 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of ProShares Ultra Technology by 3.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 35,189 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,226 shares during the period.

ProShares Ultra Technology Price Performance

Shares of NYSEARCA:ROM traded down $0.13 during trading on Thursday, reaching $60.74. 23,336 shares of the company’s stock traded hands, compared to its average volume of 78,601. ProShares Ultra Technology has a fifty-two week low of $31.37 and a fifty-two week high of $63.16. The company has a 50-day simple moving average of $59.40 and a 200-day simple moving average of $50.64.

ProShares Ultra Technology 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.