ProShares Ultra Semiconductors (NYSEARCA:USD) Hits New 52-Week Low – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $34.88 and last traded at $35.47, with a volume of 606205 shares. The stock had previously closed at $41.43.

ProShares Ultra Semiconductors Stock Down 14.6 %

The company has a 50 day moving average of $52.10 and a two-hundred day moving average of $61.74. The firm has a market cap of $519.00 million, a P/E ratio of 30.08 and a beta of 2.78.

ProShares Ultra Semiconductors Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.0499 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of ProShares Ultra Semiconductors

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new stake in ProShares Ultra Semiconductors in the 4th quarter worth approximately $276,000. Merit Financial Group LLC bought a new stake in ProShares Ultra Semiconductors in the fourth quarter worth approximately $280,000. Retirement Planning Co of New England Inc. increased its stake in shares of ProShares Ultra Semiconductors by 95.8% during the 4th 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. Beaton Management Co. Inc. raised its holdings in shares of ProShares Ultra Semiconductors by 100.0% during the 4th 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 in the last quarter. Finally, Spire Wealth Management lifted its stake in shares of ProShares Ultra Semiconductors by 100.1% in the 4th 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 during the last quarter.

About ProShares Ultra Semiconductors

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.