ProShares Ultra Semiconductors (NYSEARCA:USD) Trading Up 3.9% – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD) shares rose 3.9% on Monday . The stock traded as high as $67.85 and last traded at $66.99. Approximately 517,529 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 937,530 shares. The stock had previously closed at $64.45.

ProShares Ultra Semiconductors Price Performance

The stock’s 50 day simple moving average is $68.02 and its two-hundred day simple moving average is $64.63.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of ProShares Ultra Semiconductors by 514.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock valued at $3,185,000 after acquiring an additional 19,164 shares during the last quarter. First National Trust Co bought a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at about $223,000. Client First Investment Management LLC boosted its position in shares of ProShares Ultra Semiconductors by 750.4% during the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after buying an additional 27,435 shares during the period. Scientech Research LLC bought a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $220,000. Finally, Bogart Wealth LLC bought a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth $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.