ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $72.16, but opened at $75.06. ProShares Ultra Semiconductors shares last traded at $76.52, with a volume of 248,493 shares traded.

ProShares Ultra Semiconductors Price Performance

The stock’s fifty day moving average is $66.74 and its two-hundred day moving average is $64.07.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Dale Q Rice Investment Management Ltd purchased a new position in ProShares Ultra Semiconductors during the fourth quarter worth about $28,445,000. Client First Investment Management LLC grew its holdings in shares of ProShares Ultra Semiconductors by 58.1% in the fourth quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock valued at $4,495,000 after acquiring an additional 25,351 shares in the last quarter. IMC Chicago LLC grew its holdings 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 in the last quarter. Avaii Wealth Management LLC increased its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Avaii Wealth Management LLC now owns 12,432 shares of the company’s stock valued at $810,000 after acquiring an additional 6,216 shares during the last quarter. Finally, Advisory Alpha LLC lifted its holdings in ProShares Ultra Semiconductors by 100.2% during the fourth quarter. Advisory Alpha LLC now owns 10,224 shares of the company’s stock worth $666,000 after acquiring an additional 5,117 shares during the period.

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.