ProShares Ultra Semiconductors (NYSEARCA:USD) Short Interest Up 17,783.3% in July

ProShares Ultra Semiconductors (NYSEARCA:USD) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 321,900 shares, agrowthof17,783.3% from the June 30th total of 1,800 shares. Based on an average daily volume of 652,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 652,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of large investors have recently added to or reduced their stakes in USD. Headlands Technologies LLC purchased a new position in shares of ProShares Ultra Semiconductors in the 1st quarter worth $25,000. Quintet Private Bank Europe S.A. bought a new position in ProShares Ultra Semiconductors in the second quarter valued at about $31,000. Bank of America Corp DE lifted its holdings in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock valued at $68,000 after acquiring an additional 525 shares during the period. Bogart Wealth LLC boosted its position in ProShares Ultra Semiconductors by 450.0% in the second quarter. Bogart Wealth LLC now owns 1,100 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at about $209,000.

ProShares Ultra Semiconductors Stock Down 4.1%

Shares of ProShares Ultra Semiconductors stock opened at $82.22 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 40.05 and a beta of 2.70. The company’s 50 day moving average is $71.02 and its 200 day moving average is $57.07. ProShares Ultra Semiconductors has a twelve month low of $25.13 and a twelve month high of $90.57.

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.