Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $112.24, but opened at $102.02. ProShares Ultra Semiconductors shares last traded at $99.1150, with a volume of 249,199 shares traded.
ProShares Ultra Semiconductors Price Performance
The company’s 50-day moving average price is $77.91 and its 200-day moving average price is $62.50. The company has a market cap of $3.18 billion, a P/E ratio of 40.05 and a beta of 3.63.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Large investors have recently made changes to their positions in the stock. Federation des caisses Desjardins du Quebec bought a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter worth $32,000. BOKF NA boosted its holdings 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 last quarter. Whittier Trust Co. boosted its holdings 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 last quarter. Franklin Resources Inc. acquired a new position in ProShares Ultra Semiconductors during the second quarter worth $61,000. Finally, Qube Research & Technologies Ltd acquired a new position in ProShares Ultra Semiconductors during the third quarter worth $64,000.
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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