Rothschild Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $242,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guerra Advisors Inc bought a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at about $26,000. Qube Research & Technologies Ltd bought a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at approximately $64,000. BOKF NA boosted its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock worth $38,000 after acquiring an additional 360 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter worth approximately $61,000. Finally, Whittier Trust Co. raised its holdings in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock valued at $54,000 after purchasing an additional 480 shares during the last quarter.
ProShares Ultra Semiconductors Trading Up 4.8%
Shares of USD opened at $113.53 on Wednesday. ProShares Ultra Semiconductors has a 12 month low of $28.67 and a 12 month high of $115.80. The firm has a fifty day simple moving average of $75.39 and a 200 day simple moving average of $61.67. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 40.05 and a beta of 3.63.
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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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