ProShares Ultra Semiconductors (NYSEARCA:USD) Stake Cut by Clarity Capital Partners LLC

Clarity Capital Partners LLC lowered its stake in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 67.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,186 shares of the company’s stock after selling 50,958 shares during the period. ProShares Ultra Semiconductors comprises about 1.6% of Clarity Capital Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Clarity Capital Partners LLC owned 0.29% of ProShares Ultra Semiconductors worth $2,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter worth about $278,000. Simplex Trading LLC boosted its position in ProShares Ultra Semiconductors by 16.9% during the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after purchasing an additional 1,686 shares during the period. US Asset Management LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter valued at approximately $702,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of ProShares Ultra Semiconductors in the fourth quarter valued at approximately $3,274,000. Finally, Evanson Asset Management LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the first quarter worth $767,000.

ProShares Ultra Semiconductors Stock Up 4.1 %

USD stock traded up $6.49 during mid-day trading on Wednesday, reaching $163.04. 450,313 shares of the stock traded hands, compared to its average volume of 394,793. The business has a 50-day moving average of $126.69 and a two-hundred day moving average of $95.84. ProShares Ultra Semiconductors has a 52 week low of $32.13 and a 52 week high of $170.13.

ProShares Ultra Semiconductors 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.