ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $65.39, but opened at $61.37. ProShares Ultra Semiconductors shares last traded at $63.10, with a volume of 255,796 shares trading hands.
ProShares Ultra Semiconductors Price Performance
The firm has a 50 day moving average of $68.48 and a 200-day moving average of $64.20.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several hedge funds have recently bought and sold shares of the company. Client First Investment Management LLC lifted its holdings 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 during the last quarter. IMC Chicago LLC grew its stake in shares of ProShares Ultra Semiconductors by 120.0% in the third quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock worth $3,653,000 after purchasing an additional 16,620 shares during the last quarter. Plotkin Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at about $226,000. Scientech Research LLC bought a new position in ProShares Ultra Semiconductors during the 2nd quarter worth approximately $220,000. Finally, Bogart Wealth LLC acquired a new position in ProShares Ultra Semiconductors in the third quarter valued at $120,000.
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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