ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $65.39, but opened at $61.37. ProShares Ultra Semiconductors shares last traded at $63.10, with a volume of 255,796 shares changing hands.
ProShares Ultra Semiconductors Stock Performance
The firm has a 50-day moving average price of $68.42 and a two-hundred day moving average price of $64.12.
Institutional Trading of ProShares Ultra Semiconductors
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dale Q Rice Investment Management Ltd acquired a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter valued at about $28,445,000. Client First Investment Management LLC boosted its holdings in shares of ProShares Ultra Semiconductors by 750.4% in the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock valued at $4,325,000 after acquiring an additional 27,435 shares during the period. IMC Chicago LLC grew its position in shares of 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 last quarter. Plotkin Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter valued at $226,000. Finally, Scientech Research LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at $220,000.
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.
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