Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $100.32 and last traded at $99.03, with a volume of 920765 shares. The stock had previously closed at $95.30.
ProShares Ultra Semiconductors Stock Up 3.9%
The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 40.05 and a beta of 3.63. The business has a 50-day moving average of $61.82 and a two-hundred day moving average of $57.30.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Institutional investors have recently added to or reduced their stakes in the company. Guerra Advisors Inc acquired a new stake in ProShares Ultra Semiconductors during the third quarter worth about $26,000. Federation des caisses Desjardins du Quebec bought a new position in ProShares Ultra Semiconductors during the fourth quarter worth about $32,000. BOKF NA lifted its stake in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. BOKF NA now owns 720 shares of the company’s stock worth $38,000 after purchasing an additional 360 shares during the period. Whittier Trust Co. lifted its stake in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares during the period. Finally, Franklin Resources Inc. bought a new position in ProShares Ultra Semiconductors during the second quarter worth about $61,000.
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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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