ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down to $154.12

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down before the market opened on Friday . The stock had previously closed at $154.12, but opened at $148.80. ProShares Ultra Semiconductors shares last traded at $147.62, with a volume of 127,822 shares trading hands.

ProShares Ultra Semiconductors Price Performance

The firm’s 50-day simple moving average is $110.77 and its two-hundred day simple moving average is $87.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of USD. Deutsche Bank AG bought a new position in ProShares Ultra Semiconductors in the third quarter valued at approximately $646,000. Advisory Alpha LLC bought a new position in ProShares Ultra Semiconductors in the fourth quarter valued at approximately $278,000. Simplex Trading LLC lifted its stake in ProShares Ultra Semiconductors by 16.9% in the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after buying an additional 1,686 shares in the last quarter. US Asset Management LLC bought a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter worth $702,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter worth $3,274,000.

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.