ProShares Ultra Semiconductors (NYSEARCA:USD) Short Interest Down 62.0% in December

ProShares Ultra Semiconductors (NYSEARCA:USD) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 300,125 shares, a decrease of 62.0% from the December 15th total of 790,754 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 621,153 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 621,153 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in USD. Guerra Advisors Inc purchased a new stake in ProShares Ultra Semiconductors during the third quarter valued at approximately $26,000. Quintet Private Bank Europe S.A. purchased a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter worth $31,000. Franklin Resources Inc. bought a new stake in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at $61,000. Qube Research & Technologies Ltd purchased a new stake in shares of ProShares Ultra Semiconductors in the 3rd quarter worth $64,000. Finally, Bank of America Corp DE increased its stake in shares of ProShares Ultra Semiconductors by 100.0% in the 4th 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 in the last quarter.

ProShares Ultra Semiconductors Stock Up 3.3%

NYSEARCA:USD traded up $1.80 on Thursday, hitting $56.54. The stock had a trading volume of 998,404 shares, compared to its average volume of 708,416. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 40.05 and a beta of 3.25. The business’s 50-day simple moving average is $53.10 and its two-hundred day simple moving average is $48.60. ProShares Ultra Semiconductors has a 52-week low of $12.56 and a 52-week high of $64.89.

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.