Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $120.59, but opened at $116.28. ProShares Ultra Semiconductors shares last traded at $119.26, with a volume of 53,909 shares trading hands.
ProShares Ultra Semiconductors Stock Performance
The company’s fifty day simple moving average is $112.53 and its two-hundred day simple moving average is $113.95.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Clarity Capital Partners LLC purchased a new position in ProShares Ultra Semiconductors during the fourth quarter worth about $4,089,000. Hamilton Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors during the 1st quarter worth approximately $4,399,000. Client First Investment Management LLC boosted its stake in shares of ProShares Ultra Semiconductors by 750.4% in the 2nd quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after buying an additional 27,435 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of ProShares Ultra Semiconductors by 514.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock valued at $3,185,000 after acquiring an additional 19,164 shares in the last quarter. Finally, Evanson Asset Management LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the first quarter valued at approximately $767,000.
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.
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