ProShares Ultra Semiconductors (NYSEARCA:USD) shares shot up 0.9% during trading on Thursday . The stock traded as high as $103.78 and last traded at $103.43. 47,940 shares traded hands during trading, a decline of 16% from the average session volume of 56,746 shares. The stock had previously closed at $102.46.
The company has a 50-day moving average of $97.15 and a 200 day moving average of $77.29.
A hedge fund recently bought a new stake in ProShares Ultra Semiconductors stock. Freestone Capital Holdings LLC acquired a new stake in ProShares Ultra Semiconductors (NYSEARCA:USD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 359 shares of the company’s stock, valued at approximately $27,000.
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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