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ProShares Ultra Technology (ROM) ETF Profile

Updated Dec 5, 2019
The ProShares Ultra Technology ETF provides 2x leveraged exposure to a market-cap-weighted index that measures the performance of large US technology companies.

Fund Profile for ProShares Ultra Technology (ROM) ETF

The ProShares Ultra Technology (ROM) ETF has the following static details:

ETF TickerROM
ETF NameProShares Ultra Technology
Primary Asset ClassEquity
Secondary Asset ClassLarge-Cap
Primary CategoryLeveraged Equities
Other CategoriesEquity, Large-Cap, Leveraged Equities, North America, USA, Technology, Technology-Broad, Growth At A Reasonable Price, Growth, 2x Leverage, US, America, Broad-based, US Technology Sector, Vanilla, Leveraged,
Launch Date30-Jan-2007
IssuerProShares
No. of Holdings153
RegionNorth America
Sub-regionUSA
SectorTechnology
Sub-sectorTechnology-Broad
Investment StyleGrowth At A Reasonable Price
Investment StrategyGrowth
Leverage Factor2 Times
Currency Hedging?No
ROM provides 2x levered exposure to the Dow Jones US Technology Index, with daily leverage resets. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index is made up of the tech companies in the Dow Jones US Index, a total-market index that tracks the top 95% of US market capitalization. The fund reflects the concentrated nature of a space dominated by names like Microsoft and Alphabet, and it focuses on Apple in particular, so single-name blowup risk is a concern. While ROM charges a reasonable fee for the high-priced leveraged space, trading costs are more important here. Liquidity is middling at best for a tactical vehicle, with lukewarm volume and wide spreads most days.

Trading Details for ProShares Ultra Technology (ROM) ETF

The ProShares Ultra Technology (ROM) ETF trades with the following key details for trading and market data as of writing date Dec 5, 2019:

Expense Ratio (%)0.95%
Dividend FrequencyQuarterly
52-week Price Range$68.54 - $148.24
Per ETF Share Price$143.5
Other Similar or Competitor ETFsTECL
Commission-Free AvailabilityNA

List of Similar ETFs

- Direxion Daily Technology Bull 3X Shares (TECL)

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- List of All Large-Cap ETFs
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- List of All Technology ETFs
- List of All Growth ETFs

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