ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Shorted: Short Interest Up 67.3% in October

ProShares Ultra Semiconductors (NYSEARCA:USD) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 487,022 shares, an increase of 67.3% from the September 30th total of 291,129 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 588,559 shares, the short-interest ratio is currently 0.8 days.

ProShares Ultra Semiconductors Price Performance

Shares of USD stock opened at $69.87 on Monday. ProShares Ultra Semiconductors has a 1-year low of $42.56 and a 1-year high of $116.50. The stock’s 50-day moving average is $86.98 and its 200 day moving average is $78.49. The company has a market cap of $2.19 billion, a P/E ratio of 40.05 and a beta of 3.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Latitude Advisors LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth approximately $25,000. Diversify Wealth Management LLC acquired a new position in ProShares Ultra Semiconductors in the 1st quarter valued at $155,000. Nwam LLC purchased a new position in ProShares Ultra Semiconductors in the 2nd quarter valued at $209,000. Sequoia Financial Advisors LLC purchased a new position in ProShares Ultra Semiconductors in the 2nd quarter valued at $223,000. Finally, Independent Financial Group LLC purchased a new position in ProShares Ultra Semiconductors in the 1st quarter valued at $231,000.

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.