ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 3.8%

ProShares Ultra Semiconductors (NYSEARCA:USDGet Free Report)’s share price shot up 3.8% during mid-day trading on Monday . The company traded as high as $103.52 and last traded at $103.40. 33,044 shares traded hands during trading, a decline of 91% from the average session volume of 351,448 shares. The stock had previously closed at $99.64.

ProShares Ultra Semiconductors Stock Performance

The business has a 50 day moving average price of $93.42 and a 200-day moving average price of $72.88.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clarity Capital Partners LLC bought a new stake in shares of ProShares Ultra Semiconductors during the 4th quarter worth approximately $4,089,000. Cambridge Investment Research Advisors Inc. bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at $3,274,000. Deutsche Bank AG bought a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at $646,000. US Asset Management LLC bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at $702,000. Finally, Simplex Trading LLC raised its stake in ProShares Ultra Semiconductors by 16.9% in the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after acquiring an additional 1,686 shares during the period.

About ProShares Ultra Semiconductors

(Get Free Report)

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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