ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $89.20, but opened at $95.52. ProShares Ultra Semiconductors shares last traded at $92.05, with a volume of 161,080 shares.
ProShares Ultra Semiconductors Trading Down 2.7%
The stock has a fifty day moving average of $97.41 and a two-hundred day moving average of $71.86. The company has a market capitalization of $2.82 billion, a PE ratio of 40.05 and a beta of 3.65.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Large investors have recently added to or reduced their stakes in the business. BOKF NA boosted its holdings in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after acquiring an additional 360 shares during the period. Whittier Trust Co. grew its holdings in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 buying an additional 525 shares during the period. Federation des caisses Desjardins du Quebec purchased a new position in shares of ProShares Ultra Semiconductors in the fourth quarter worth $32,000. Finally, Qube Research & Technologies Ltd bought a new stake in ProShares Ultra Semiconductors during the 3rd quarter valued at $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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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