ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – Time to Sell?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $55.76, but opened at $53.24. ProShares Ultra Semiconductors shares last traded at $55.39, with a volume of 224,615 shares trading hands.

ProShares Ultra Semiconductors Price Performance

The stock has a fifty day moving average price of $41.87 and a two-hundred day moving average price of $56.37. The company has a market cap of $1.02 billion, a P/E ratio of 40.05 and a beta of 3.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of USD. Integrated Wealth Concepts LLC raised its holdings in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 376,652 shares of the company’s stock worth $24,535,000 after purchasing an additional 188,326 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in ProShares Ultra Semiconductors by 552.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 45,552 shares of the company’s stock valued at $2,967,000 after buying an additional 38,574 shares in the last quarter. Retirement Planning Co of New England Inc. raised its position in ProShares Ultra Semiconductors by 95.8% in 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 acquiring an additional 17,512 shares in the last quarter. Blair William & Co. IL lifted its holdings in ProShares Ultra Semiconductors by 100.2% in the 4th quarter. Blair William & Co. IL now owns 30,856 shares of the company’s stock valued at $2,010,000 after acquiring an additional 15,446 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in shares of ProShares Ultra Semiconductors during the 1st quarter valued at about $928,000.

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.