ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Up 6.6% – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price traded up 6.6% during mid-day trading on Friday . The company traded as high as $68.40 and last traded at $67.87. 125,788 shares traded hands during trading, a decline of 87% from the average session volume of 933,532 shares. The stock had previously closed at $63.67.

ProShares Ultra Semiconductors Stock Performance

The company’s 50-day moving average price is $68.29 and its 200-day moving average price is $64.50.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of hedge funds have recently added to or reduced their stakes in USD. Bogart Wealth LLC purchased a new position in ProShares Ultra Semiconductors in the 3rd quarter valued at approximately $120,000. Scientech Research LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at $220,000. First National Trust Co purchased a new position in ProShares Ultra Semiconductors in the second quarter valued at $223,000. Plotkin Financial Advisors LLC purchased a new position in ProShares Ultra Semiconductors in the third quarter valued at $226,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in ProShares Ultra Semiconductors by 514.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after purchasing an additional 19,164 shares in the last quarter.

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.