Iron Horse Wealth Management LLC Invests $29,000 in ProShares Ultra Semiconductors (NYSEARCA:USD)

Iron Horse Wealth Management LLC bought a new position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 290 shares of the company’s stock, valued at approximately $29,000.

Several other hedge funds have also recently bought and sold shares of USD. Advisory Alpha LLC purchased a new stake in ProShares Ultra Semiconductors during the fourth quarter worth approximately $278,000. Evanson Asset Management LLC acquired a new position in shares of ProShares Ultra Semiconductors during the 1st quarter valued at $767,000. Simplex Trading LLC boosted its position in ProShares Ultra Semiconductors by 16.9% during the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after purchasing an additional 1,686 shares during the period. US Asset Management LLC acquired a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at $702,000. Finally, Deutsche Bank AG purchased a new position in ProShares Ultra Semiconductors in the third quarter valued at about $646,000.

ProShares Ultra Semiconductors Price Performance

Shares of NYSEARCA USD traded up $0.90 on Friday, hitting $139.12. The company had a trading volume of 465,871 shares, compared to its average volume of 391,510. ProShares Ultra Semiconductors has a 12-month low of $32.13 and a 12-month high of $170.13. The business has a 50 day moving average of $116.17 and a two-hundred day moving average of $90.40.

ProShares Ultra Semiconductors Company Profile

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.