Chung Wu Investment Group LLC Has $956,000 Position in ProShares Ultra Semiconductors $USD

Chung Wu Investment Group LLC grew its holdings in ProShares Ultra Semiconductors (NYSEARCA:USD) by 116.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,200 shares of the company’s stock after acquiring an additional 9,800 shares during the period. ProShares Ultra Semiconductors accounts for about 0.8% of Chung Wu Investment Group LLC’s portfolio, making the stock its 29th largest position. Chung Wu Investment Group LLC’s holdings in ProShares Ultra Semiconductors were worth $956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USD. Guerra Advisors Inc acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter worth about $26,000. Whittier Trust Co. lifted its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after buying an additional 480 shares in the last quarter. Franklin Resources Inc. acquired a new position in ProShares Ultra Semiconductors during the 2nd quarter worth about $61,000. Qube Research & Technologies Ltd acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter worth about $64,000. Finally, Bank of America Corp DE lifted its position in ProShares Ultra Semiconductors by 100.0% during the 4th 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 in the last quarter.

ProShares Ultra Semiconductors Stock Up 0.5%

Shares of NYSEARCA USD opened at $78.15 on Friday. The firm’s 50-day simple moving average is $58.64 and its 200 day simple moving average is $55.88. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 40.05 and a beta of 3.63. ProShares Ultra Semiconductors has a 12-month low of $19.77 and a 12-month high of $82.51.

About ProShares Ultra Semiconductors

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.