ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) fell 4.1% during mid-day trading on Friday . The stock traded as low as $72.86 and last traded at $73.09. 378,597 shares were traded during mid-day trading, a decline of 49% from the average session volume of 747,233 shares. The stock had previously closed at $76.24.
ProShares Ultra Semiconductors Price Performance
The company has a fifty day simple moving average of $67.05 and a 200-day simple moving average of $64.04.
Institutional Trading of ProShares Ultra Semiconductors
Hedge funds have recently modified their holdings of the business. Bogart Wealth LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at $120,000. Scientech Research LLC acquired a new position in shares of ProShares Ultra Semiconductors in the second quarter worth $220,000. Pure Financial Advisors LLC increased its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock worth $224,000 after acquiring an additional 1,718 shares during the last quarter. Plotkin Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors in the third quarter worth $226,000. Finally, Spire Wealth Management increased its stake in shares of ProShares Ultra Semiconductors by 100.1% in the fourth quarter. Spire Wealth Management now owns 3,751 shares of the company’s stock worth $244,000 after acquiring an additional 1,876 shares during the last quarter.
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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