ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 364,015 shares, an increase of 64.8% from the April 30th total of 220,922 shares. Based on an average daily volume of 1,059,614 shares, the short-interest ratio is presently 0.3 days. Currently, 1.2% of the shares of the company are sold short.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
A number of large investors have recently modified their holdings of USD. Bank of America Corp DE grew its holdings in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after buying an additional 525 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in ProShares Ultra Semiconductors in the second quarter valued at about $311,000. Franklin Resources Inc. acquired a new position in ProShares Ultra Semiconductors in the second quarter valued at about $61,000. Raymond James Financial Inc. acquired a new position in ProShares Ultra Semiconductors in the second quarter valued at about $83,000. Finally, IMC Chicago LLC lifted its position in ProShares Ultra Semiconductors by 30.1% in the third quarter. IMC Chicago LLC now owns 52,707 shares of the company’s stock valued at $5,219,000 after buying an additional 12,209 shares during the last quarter.
ProShares Ultra Semiconductors Stock Performance
Shares of NYSEARCA USD opened at $106.64 on Friday. The firm has a market cap of $3.24 billion, a PE ratio of 40.05 and a beta of 3.66. The firm has a fifty day moving average of $79.02 and a 200 day moving average of $62.87. ProShares Ultra Semiconductors has a one year low of $29.71 and a one year high of $116.50.
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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