ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 9.9% – Here’s Why

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

ProShares Ultra Semiconductors Stock Down 10.0 %

The stock’s 50 day moving average price is $62.19 and its two-hundred day moving average price is $63.44. The firm has a market capitalization of $749.99 million, a price-to-earnings ratio of 47.97 and a beta of 2.72.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Dale Q Rice Investment Management Ltd bought a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter valued at approximately $28,445,000. Integrated Wealth Concepts LLC lifted its stake in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 376,652 shares of the company’s stock valued at $24,535,000 after acquiring an additional 188,326 shares during the last quarter. Tower Research Capital LLC TRC grew its position in ProShares Ultra Semiconductors by 552.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 45,552 shares of the company’s stock worth $2,967,000 after acquiring an additional 38,574 shares in the last quarter. Client First Investment Management LLC increased its stake in shares of ProShares Ultra Semiconductors by 58.1% during the 4th quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock worth $4,495,000 after purchasing an additional 25,351 shares during the last quarter. Finally, US Asset Management LLC acquired a new position in shares of ProShares Ultra Semiconductors during the 4th quarter worth $1,251,000.

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.