Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $51.68, but opened at $55.69. ProShares Ultra Semiconductors shares last traded at $55.3830, with a volume of 429,276 shares changing hands.
ProShares Ultra Semiconductors Price Performance
The business has a 50-day moving average price of $52.04 and a two-hundred day moving average price of $42.02. The firm has a market cap of $742.29 million, a PE ratio of 40.05 and a beta of 3.25.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently made changes to their positions in USD. Guerra Advisors Inc bought a new stake in ProShares Ultra Semiconductors during the 3rd quarter valued at $26,000. Quintet Private Bank Europe S.A. bought a new stake in shares of ProShares Ultra Semiconductors during the second quarter valued at about $31,000. Bank of America Corp DE lifted its holdings in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after purchasing an additional 525 shares during the period. Headlands Technologies LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter worth approximately $25,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of ProShares Ultra Semiconductors in the third quarter valued at approximately $64,000.
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.
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