ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) were down 4.1% during mid-day trading on Friday . The stock traded as low as $72.86 and last traded at $73.09. Approximately 378,597 shares were traded during trading, a decline of 49% from the average daily volume of 747,233 shares. The stock had previously closed at $76.24.
ProShares Ultra Semiconductors Trading Down 4.5 %
The company has a 50-day moving average price of $67.05 and a 200-day moving average price of $64.04.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Scientech Research LLC bought a new stake in ProShares Ultra Semiconductors during the second quarter worth approximately $220,000. Bogart Wealth LLC bought a new stake in ProShares Ultra Semiconductors during the third quarter worth approximately $120,000. IMC Chicago LLC increased its holdings 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 valued at $3,653,000 after buying an additional 16,620 shares in the last quarter. Plotkin Financial Advisors LLC bought a new position in shares of ProShares Ultra Semiconductors in the third quarter valued at $226,000. Finally, Dale Q Rice Investment Management Ltd bought a new position in shares of ProShares Ultra Semiconductors in the fourth quarter valued at $28,445,000.
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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