ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Here’s What Happened

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) gapped up before the market opened on Tuesday . The stock had previously closed at $76.05, but opened at $78.99. ProShares Ultra Semiconductors shares last traded at $76.53, with a volume of 369,023 shares traded.

ProShares Ultra Semiconductors Stock Down 0.6 %

The stock has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $64.27.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of institutional investors have recently made changes to their positions in USD. Plotkin Financial Advisors LLC acquired a new position in ProShares Ultra Semiconductors in the 3rd quarter valued at about $226,000. IMC Chicago LLC increased its stake in ProShares Ultra Semiconductors by 120.0% during the 3rd quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock worth $3,653,000 after buying an additional 16,620 shares during the period. Bogart Wealth LLC purchased a new stake in ProShares Ultra Semiconductors during the 3rd quarter worth approximately $120,000. Scientech Research LLC purchased a new position in ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $220,000. Finally, Client First Investment Management LLC grew its stake in shares of ProShares Ultra Semiconductors by 750.4% in the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after acquiring an additional 27,435 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.