ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 3.9% – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD) were down 3.9% during trading on Friday . The stock traded as low as $67.85 and last traded at $68.14. Approximately 179,053 shares traded hands during trading, a decline of 81% from the average daily volume of 934,423 shares. The stock had previously closed at $70.94.

ProShares Ultra Semiconductors Stock Performance

The stock’s 50-day simple moving average is $68.31 and its two-hundred day simple moving average is $64.74.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of USD. Bogart Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors in the third quarter worth about $120,000. Scientech Research LLC bought a new stake in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $220,000. First National Trust Co purchased a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at approximately $223,000. Plotkin Financial Advisors LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at approximately $226,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in ProShares Ultra Semiconductors by 514.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after purchasing an additional 19,164 shares during the period.

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.