ProShares Ultra Tech ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Technologysm Index. The index measures the performance of the technology sector of the U.S. equity market. Component companies include, among others, those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. As of May 31 2013, the Fund's total assets were $123,998,731 and the Fund's investment portfolio was valued at $116,767,892. We show 317 historical shares outstanding datapoints in our ROM shares outstanding history coverage, used to compute ROM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ROM market cap history over the course of time is important for investors
interested in comparing ROM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ROM versus a peer is one thing; comparing
ROM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ROM can fluctuate over the course of history.
With this page we aim to empower investors researching ROM by allowing them to research the ROM market cap history. |
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Video: The Importance of Market Cap
