ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – What’s Next?

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down before the market opened on Wednesday . The stock had previously closed at $49.20, but opened at $48.13. ProShares Ultra Semiconductors shares last traded at $45.75, with a volume of 150,584 shares traded.

ProShares Ultra Semiconductors Stock Down 4.4 %

The firm has a 50 day moving average of $56.30 and a two-hundred day moving average of $62.37. The firm has a market capitalization of $766.96 million, a price-to-earnings ratio of 34.10 and a beta of 2.78.

ProShares Ultra Semiconductors Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a dividend of $0.0499 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

Institutional Trading of ProShares Ultra Semiconductors

A number of hedge funds have recently added to or reduced their stakes in USD. PNC Financial Services Group Inc. acquired a new position in shares of ProShares Ultra Semiconductors during the fourth quarter worth $276,000. Merit Financial Group LLC acquired a new position in ProShares Ultra Semiconductors in the 4th quarter worth about $280,000. Beaton Management Co. Inc. raised its position in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Beaton Management Co. Inc. now owns 12,420 shares of the company’s stock valued at $809,000 after purchasing an additional 6,210 shares during the last quarter. Spire Wealth Management boosted its stake in shares of ProShares Ultra Semiconductors by 100.1% during the fourth quarter. Spire Wealth Management now owns 3,751 shares of the company’s stock valued at $244,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. grew its holdings in shares of ProShares Ultra Semiconductors by 95.8% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 35,788 shares of the company’s stock worth $2,331,000 after purchasing an additional 17,512 shares during 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.