ProShares Ultra Semiconductors (NYSEARCA:USD) Trading Down 5.5%

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price were down 5.5% during mid-day trading on Tuesday . The company traded as low as $106.95 and last traded at $107.74. Approximately 286,794 shares changed hands during trading, a decline of 32% from the average daily volume of 424,483 shares. The stock had previously closed at $114.03.

ProShares Ultra Semiconductors Price Performance

The stock has a 50-day moving average of $136.37 and a 200-day moving average of $103.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in USD. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ProShares Ultra Semiconductors during the 4th quarter worth approximately $3,274,000. Simplex Trading LLC grew its stake in shares of ProShares Ultra Semiconductors by 16.9% in the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after buying an additional 1,686 shares in the last quarter. Advisory Alpha LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter worth $278,000. US Asset Management LLC bought a new stake in ProShares Ultra Semiconductors during the fourth quarter worth $702,000. Finally, Evanson Asset Management LLC bought a new stake in ProShares Ultra Semiconductors during the first quarter worth $767,000.

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.