ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – Time to Sell?

Shares of ProShares Ultra Semiconductors (NYSEARCA:USDGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $112.24, but opened at $102.02. ProShares Ultra Semiconductors shares last traded at $99.1150, with a volume of 249,199 shares changing hands.

ProShares Ultra Semiconductors Price Performance

The stock has a market cap of $3.18 billion, a P/E ratio of 40.05 and a beta of 3.63. The company’s 50 day simple moving average is $77.91 and its 200 day simple moving average is $62.50.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Large investors have recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec bought a new stake in ProShares Ultra Semiconductors in the fourth quarter valued at approximately $32,000. BOKF NA increased its stake in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after purchasing an additional 360 shares in the last quarter. Whittier Trust Co. increased its stake in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock valued at $54,000 after purchasing an additional 480 shares in the last quarter. Franklin Resources Inc. bought a new stake in ProShares Ultra Semiconductors in the second quarter valued at approximately $61,000. Finally, Qube Research & Technologies Ltd bought a new stake in ProShares Ultra Semiconductors in the third quarter valued at approximately $64,000.

ProShares Ultra Semiconductors Company Profile

(Get Free Report)

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.

Further Reading

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