SBI Securities Co. Ltd. increased its position in ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) by 179.9% in the third quarter, Holdings Channel.com reports. The firm owned 15,385 shares of the company’s stock after acquiring an additional 9,889 shares during the period. SBI Securities Co. Ltd.’s holdings in ProShares Ultra Semiconductors were worth $1,481,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nwam LLC bought a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth about $209,000. Sequoia Financial Advisors LLC bought a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at about $223,000. Diversify Wealth Management LLC bought a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at about $155,000. Independent Financial Group LLC bought a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at about $231,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at about $233,000.
ProShares Ultra Semiconductors Price Performance
Shares of NYSEARCA:USD opened at $73.21 on Friday. ProShares Ultra Semiconductors has a one year low of $42.56 and a one year high of $116.50. The company has a 50 day moving average of $88.03 and a 200-day moving average of $88.44. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 40.05 and a beta of 3.70.
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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