ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down to $122.32

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $122.32, but opened at $118.89. ProShares Ultra Semiconductors shares last traded at $121.09, with a volume of 158,164 shares changing hands.

ProShares Ultra Semiconductors Stock Performance

The stock has a 50 day simple moving average of $128.13 and a 200-day simple moving average of $110.39.

Institutional Trading of ProShares Ultra Semiconductors

Several hedge funds have recently bought and sold shares of USD. Cambridge Investment Research Advisors Inc. bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at $3,274,000. Simplex Trading LLC boosted its stake in ProShares Ultra Semiconductors by 16.9% during 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 during the last quarter. Hamilton Wealth LLC purchased a new position in shares of ProShares Ultra Semiconductors in the first quarter valued at $4,399,000. US Asset Management LLC bought a new position in ProShares Ultra Semiconductors during the fourth quarter valued at $702,000. Finally, Evanson Asset Management LLC bought a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at about $767,000.

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.