ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price traded up 4.6% during mid-day trading on Monday . The stock traded as high as $121.50 and last traded at $121.50. 18,284 shares were traded during trading, a decline of 96% from the average session volume of 423,058 shares. The stock had previously closed at $116.18.
ProShares Ultra Semiconductors Trading Down 0.2 %
The company’s fifty day moving average is $136.18 and its 200-day moving average is $103.00.
Institutional Trading of ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clarity Capital Partners LLC acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter valued at $4,089,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter worth about $3,274,000. Hamilton Wealth LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the first quarter worth about $4,399,000. US Asset Management LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter worth about $702,000. Finally, Simplex Trading LLC increased its stake in shares of ProShares Ultra Semiconductors by 16.9% during the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after purchasing an additional 1,686 shares in the last quarter.
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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