ProShares Ultra Semiconductors (NYSEARCA:USD) Hits New 12-Month Low – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $34.88 and last traded at $35.47, with a volume of 606205 shares traded. The stock had previously closed at $41.43.

ProShares Ultra Semiconductors Stock Performance

The company’s fifty day moving average is $53.81 and its two-hundred day moving average is $62.11. The firm has a market cap of $607.90 million, a price-to-earnings ratio of 30.08 and a beta of 2.78.

ProShares Ultra Semiconductors Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.0499 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USD. Whittier Trust Co. boosted its stake in shares of ProShares Ultra Semiconductors by 152.6% during the 4th quarter. Whittier Trust Co. now owns 480 shares of the company’s stock valued at $31,000 after buying an additional 290 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Iron Horse Wealth Management LLC now owns 612 shares of the company’s stock valued at $40,000 after acquiring an additional 306 shares during the last quarter. Bank of America Corp DE grew its holdings in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after acquiring an additional 525 shares in the last quarter. Bogart Wealth LLC increased its position in shares of ProShares Ultra Semiconductors by 50.0% in the 4th quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock worth $98,000 after purchasing an additional 500 shares during the last quarter. Finally, First National Trust Co acquired a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter valued at about $208,000.

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.