Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $66.70, but opened at $69.15. ProShares Ultra Semiconductors shares last traded at $68.26, with a volume of 289,767 shares changing hands.
ProShares Ultra Semiconductors Stock Performance
The stock’s 50 day moving average price is $66.00 and its two-hundred day moving average price is $62.95.
Institutional Trading of ProShares Ultra Semiconductors
Several large investors have recently bought and sold shares of the company. Plotkin Financial Advisors LLC bought a new stake in ProShares Ultra Semiconductors in the third quarter valued at $226,000. IMC Chicago LLC grew its holdings in ProShares Ultra Semiconductors by 120.0% during the third quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock worth $3,653,000 after acquiring an additional 16,620 shares during the period. Bogart Wealth LLC acquired a new position in ProShares Ultra Semiconductors during the third quarter worth about $120,000. Scientech Research LLC acquired a new position in ProShares Ultra Semiconductors during the second quarter worth about $220,000. Finally, Client First Investment Management LLC increased its stake in ProShares Ultra Semiconductors by 750.4% in the 2nd quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after purchasing an additional 27,435 shares in the last quarter.
About ProShares Ultra Semiconductors
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.
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