ProShares Ultra Semiconductors (NYSEARCA:USD) Short Interest Update

ProShares Ultra Semiconductors (NYSEARCA:USD) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 296,669 shares, a growth of 58.8% from the February 12th total of 186,797 shares. Based on an average trading volume of 741,260 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 741,260 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Ultra Semiconductors Price Performance

Shares of USD stock traded down $1.23 on Friday, hitting $51.70. 743,457 shares of the stock traded hands, compared to its average volume of 830,699. The company’s fifty day moving average is $55.73 and its 200 day moving average is $52.64. ProShares Ultra Semiconductors has a 1-year low of $12.56 and a 1-year high of $64.89. The company has a market capitalization of $1.64 billion, a PE ratio of 40.05 and a beta of 3.25.

Institutional Trading of ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pure Financial Advisors LLC boosted its holdings in shares of ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Pure Financial Advisors LLC now owns 6,872 shares of the company’s stock valued at $361,000 after buying an additional 3,436 shares during the period. Plotkin Financial Advisors LLC grew its position in shares of ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Plotkin Financial Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after buying an additional 2,370 shares during the last quarter. Momentous Wealth Management Inc. acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter worth about $446,000. Tower Research Capital LLC TRC lifted its holdings in ProShares Ultra Semiconductors by 3,735,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock worth $1,962,000 after acquiring an additional 37,359 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in ProShares Ultra Semiconductors by 99.3% in the fourth quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after acquiring an additional 30,031 shares during the last quarter.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.