ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares rose 8.2% during trading on Monday . The stock traded as high as $78.09 and last traded at $77.80. Approximately 476,291 shares changed hands during trading, a decline of 32% from the average daily volume of 700,636 shares. The stock had previously closed at $71.90.
ProShares Ultra Semiconductors Trading Down 0.6 %
The firm has a fifty day simple moving average of $68.27 and a 200-day simple moving average of $64.23.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several institutional investors and hedge funds have recently made changes to their positions in the company. Client First Investment Management LLC raised its holdings in shares of ProShares Ultra Semiconductors by 750.4% in the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock valued at $4,325,000 after purchasing an additional 27,435 shares during the last quarter. Scientech Research LLC bought a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth about $220,000. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra Semiconductors during the 3rd quarter worth about $120,000. IMC Chicago LLC increased its position in shares of ProShares Ultra Semiconductors by 120.0% in the third quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock valued at $3,653,000 after acquiring an additional 16,620 shares during the last quarter. Finally, Plotkin Financial Advisors LLC bought a new stake in ProShares Ultra Semiconductors during the third quarter worth about $226,000.
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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