ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 9.9% – Should You Sell?

ProShares Ultra Semiconductors (NYSEARCA:USD) shares were down 9.9% during trading on Monday . The company traded as low as $42.44 and last traded at $41.82. Approximately 343,292 shares traded hands during trading, a decline of 64% from the average daily volume of 958,279 shares. The stock had previously closed at $46.42.

ProShares Ultra Semiconductors Price Performance

The company’s 50 day moving average is $61.23 and its two-hundred day moving average is $63.14. The firm has a market cap of $765.46 million, a P/E ratio of 47.97 and a beta of 2.72.

Institutional Trading of ProShares Ultra Semiconductors

A number of hedge funds have recently modified their holdings of USD. Plotkin Financial Advisors LLC raised its stake in shares of ProShares Ultra Semiconductors by 219.4% in the fourth quarter. Plotkin Financial Advisors LLC now owns 6,020 shares of the company’s stock valued at $392,000 after purchasing an additional 4,135 shares in the last quarter. US Asset Management LLC acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter worth $1,251,000. Morse Asset Management Inc increased its holdings in ProShares Ultra Semiconductors by 372.9% in the 4th quarter. Morse Asset Management Inc now owns 9,457 shares of the company’s stock valued at $616,000 after buying an additional 7,457 shares during the period. Bank of America Corp DE raised its stake in shares of ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock valued at $68,000 after buying an additional 525 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of ProShares Ultra Semiconductors during the 4th quarter worth about $219,000.

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.