ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Up 8.8%

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price rose 8.8% during mid-day trading on Tuesday . The stock traded as high as $98.92 and last traded at $98.18. Approximately 595,430 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 459,771 shares. The stock had previously closed at $90.20.

ProShares Ultra Semiconductors Stock Up 3.8 %

The stock has a 50 day simple moving average of $135.59 and a 200 day simple moving average of $105.04.

Institutional Trading of ProShares Ultra Semiconductors

Hedge funds have recently bought and sold shares of the business. Iron Horse Wealth Management LLC bought a new stake in ProShares Ultra Semiconductors during the 1st quarter worth approximately $29,000. First National Trust Co bought a new stake in ProShares Ultra Semiconductors during the second quarter worth $223,000. Simplex Trading LLC raised its position 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 buying an additional 1,686 shares during the last quarter. Pure Financial Advisors LLC bought a new position in ProShares Ultra Semiconductors during the 2nd quarter valued at $239,000. Finally, Morse Asset Management Inc bought a new position in ProShares Ultra Semiconductors during the 1st quarter valued at $268,000.

About ProShares Ultra Semiconductors

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.