US Asset Management LLC Sells 9,487 Shares of ProShares Ultra Semiconductors $USD

US Asset Management LLC trimmed its holdings in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 50.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,395 shares of the company’s stock after selling 9,487 shares during the quarter. US Asset Management LLC owned 0.06% of ProShares Ultra Semiconductors worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Guerra Advisors Inc bought a new stake in ProShares Ultra Semiconductors during the third quarter worth approximately $26,000. Franklin Resources Inc. bought a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $61,000. Qube Research & Technologies Ltd purchased a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter worth approximately $64,000. Bank of America Corp DE boosted its holdings in shares of 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. Finally, Raymond James Financial Inc. bought a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at approximately $83,000.

ProShares Ultra Semiconductors Stock Performance

NYSEARCA:USD opened at $53.26 on Wednesday. The stock’s fifty day moving average is $55.65 and its 200 day moving average is $52.89. ProShares Ultra Semiconductors has a fifty-two week low of $12.56 and a fifty-two week high of $64.89. The firm has a market capitalization of $1.69 billion, a PE ratio of 40.05 and a beta of 3.25.

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.