ProShares Ultra Semiconductors Stock Set to Split on Thursday, November 20th (NYSEARCA:USD)

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock is going to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Wednesday, November 19th.

ProShares Ultra Semiconductors Price Performance

NYSEARCA:USD opened at $106.96 on Friday. The business’s 50-day simple moving average is $100.58 and its 200-day simple moving average is $79.45. ProShares Ultra Semiconductors has a fifty-two week low of $25.13 and a fifty-two week high of $129.78. The stock has a market capitalization of $1.68 billion, a PE ratio of 40.05 and a beta of 3.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Guerra Advisors Inc bought a new stake in shares of ProShares Ultra Semiconductors during the third quarter worth $26,000. Quintet Private Bank Europe S.A. bought a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at $31,000. Bank of America Corp DE boosted its stake in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after purchasing an additional 525 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in ProShares Ultra Semiconductors by 9.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,096 shares of the company’s stock worth $286,000 after purchasing an additional 610 shares during the period. Finally, Headlands Technologies LLC bought a new position in ProShares Ultra Semiconductors during the 1st quarter worth about $25,000.

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.