ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price rose 3.9% on Monday . The stock traded as high as $67.85 and last traded at $66.99. Approximately 517,529 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 937,530 shares. The stock had previously closed at $64.45.
ProShares Ultra Semiconductors Trading Up 2.0 %
The company’s 50-day simple moving average is $68.02 and its 200-day simple moving average is $64.63.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Hedge funds have recently bought and sold shares of the stock. Client First Investment Management LLC raised its holdings in ProShares Ultra Semiconductors by 750.4% in the 2nd quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock valued at $4,325,000 after acquiring an additional 27,435 shares in the last quarter. First National Trust Co acquired a new position in ProShares Ultra Semiconductors in the second quarter valued at about $223,000. Cambridge Investment Research Advisors Inc. grew its stake in ProShares Ultra Semiconductors by 514.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after buying an additional 19,164 shares in the last quarter. Bogart Wealth LLC acquired a new stake in ProShares Ultra Semiconductors during the third quarter worth about $120,000. Finally, Scientech Research LLC bought a new stake in shares of ProShares Ultra Semiconductors during the 2nd quarter worth approximately $220,000.
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.
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