ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – Time to Sell?

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down prior to trading on Tuesday . The stock had previously closed at $110.49, but opened at $98.00. ProShares Ultra Semiconductors shares last traded at $100.6270, with a volume of 475,770 shares changing hands.

ProShares Ultra Semiconductors Trading Down 0.8%

The business has a 50 day moving average of $92.05 and a 200-day moving average of $67.54. The stock has a market cap of $2.92 billion, a PE ratio of 40.05 and a beta of 3.66.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several large investors have recently modified their holdings of USD. Mariner LLC purchased a new position in shares of ProShares Ultra Semiconductors during the third quarter worth approximately $8,973,000. Dale Q Rice Investment Management Ltd raised its position in ProShares Ultra Semiconductors by 90.0% in the 4th quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock valued at $23,009,000 after purchasing an additional 207,715 shares during the last quarter. Tower Research Capital LLC TRC raised its position in ProShares Ultra Semiconductors by 3,735,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock valued at $1,962,000 after purchasing an additional 37,359 shares during the last quarter. Blair William & Co. IL boosted its stake in ProShares Ultra Semiconductors by 99.3% during the 4th quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after purchasing an additional 30,031 shares during the period. Finally, Retirement Planning Co of New England Inc. boosted its stake in ProShares Ultra Semiconductors by 89.7% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after purchasing an additional 23,865 shares during the period.

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