ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down prior to trading on Monday . The stock had previously closed at $86.06, but opened at $78.21. ProShares Ultra Semiconductors shares last traded at $78.91, with a volume of 268,689 shares changing hands.

ProShares Ultra Semiconductors Stock Down 9.5%

The stock has a 50 day moving average of $86.99 and a 200 day moving average of $80.78. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 40.05 and a beta of 3.69.

Institutional Trading of ProShares Ultra Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of USD. Mariner LLC grew its stake in shares of ProShares Ultra Semiconductors by 66.6% during the fourth quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after buying an additional 5,928,597 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in ProShares Ultra Semiconductors by 10.7% during the second quarter. Integrated Wealth Concepts LLC now owns 663,610 shares of the company’s stock worth $69,188,000 after buying an additional 64,000 shares during the last quarter. Dale Q Rice Investment Management Ltd lifted its stake in shares of ProShares Ultra Semiconductors by 2.0% in the 1st quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock valued at $21,447,000 after purchasing an additional 8,716 shares during the period. Blair William & Co. IL lifted its stake 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 valued at $3,165,000 after buying an additional 30,031 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares Ultra Semiconductors by 3,735,900.0% during 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 in 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.