ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Significant Growth in Short Interest

ProShares Ultra Semiconductors (NYSEARCA:USD) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 790,754 shares, a growth of 56.4% from the November 30th total of 505,511 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Hedge funds have recently modified their holdings of the company. Mariner LLC bought a new position in ProShares Ultra Semiconductors during the third quarter valued at about $8,973,000. Quadrature Capital Ltd acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter worth approximately $17,117,000. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter worth approximately $8,680,000. JPMorgan Chase & Co. raised its holdings in shares of ProShares Ultra Semiconductors by 325.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock worth $1,767,000 after purchasing an additional 13,645 shares in the last quarter. Finally, IMC Chicago LLC lifted its stake in ProShares Ultra Semiconductors by 30.1% during the third quarter. IMC Chicago LLC now owns 52,707 shares of the company’s stock valued at $5,219,000 after purchasing an additional 12,209 shares during the last quarter.

ProShares Ultra Semiconductors Price Performance

ProShares Ultra Semiconductors stock opened at $54.63 on Monday. ProShares Ultra Semiconductors has a 12-month low of $12.56 and a 12-month high of $64.89. The stock has a market capitalization of $1.71 billion, a PE ratio of 40.05 and a beta of 3.25. The firm has a 50 day simple moving average of $53.59 and a 200-day simple moving average of $46.68.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.