ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 10.9% – Should You Buy?

ProShares Ultra Semiconductors (NYSEARCA:USD) were up 10.9% on Friday. The company traded as high as $57.72 and last traded at $55.7730. Approximately 421,663 shares were traded during trading, a decline of 50% from the average session volume of 841,398 shares. The stock had previously closed at $50.27.

ProShares Ultra Semiconductors Stock Performance

The stock has a fifty day moving average price of $85.45 and a two-hundred day moving average price of $78.62. The firm has a market capitalization of $1.71 billion, a P/E ratio of 40.05 and a beta of 3.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of ProShares Ultra Semiconductors by 10.7% during the second quarter. Integrated Wealth Concepts LLC now owns 663,610 shares of the company’s stock valued at $69,188,000 after purchasing an additional 64,000 shares during the period. Harbor Group Inc. acquired a new stake in ProShares Ultra Semiconductors during the 3rd quarter valued at $770,000. Quantinno Capital Management LP lifted its position in shares of ProShares Ultra Semiconductors by 414.2% in the first quarter. Quantinno Capital Management LP now owns 21,615 shares of the company’s stock worth $1,036,000 after purchasing an additional 17,411 shares in the last quarter. Client First Investment Management LLC acquired a new stake in ProShares Ultra Semiconductors during the second quarter valued at $1,121,000. Finally, Dale Q Rice Investment Management Ltd lifted its stake in ProShares Ultra Semiconductors by 2.0% in the first quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock valued at $21,447,000 after acquiring an additional 8,716 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.