ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $67.07, but opened at $69.59. ProShares Ultra Semiconductors shares last traded at $68.26, with a volume of 101,540 shares trading hands.
ProShares Ultra Semiconductors Stock Up 1.9 %
The company’s fifty day simple moving average is $66.89 and its 200-day simple moving average is $64.14.
Institutional Trading of ProShares Ultra Semiconductors
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Client First Investment Management LLC grew its position in shares of ProShares Ultra Semiconductors by 750.4% during the 2nd 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. Bogart Wealth LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth approximately $120,000. Scientech Research LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the second quarter worth approximately $220,000. Merit Financial Group LLC purchased a new position in ProShares Ultra Semiconductors in the 4th quarter valued at $280,000. Finally, Dale Q Rice Investment Management Ltd purchased a new position in ProShares Ultra Semiconductors in the 4th quarter valued at $28,445,000.
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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