ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $104.26, but opened at $97.54. ProShares Ultra Semiconductors shares last traded at $97.7870, with a volume of 227,581 shares.
ProShares Ultra Semiconductors Stock Performance
The firm has a fifty day simple moving average of $94.46 and a 200 day simple moving average of $68.74. The company has a market capitalization of $2.91 billion, a PE ratio of 40.05 and a beta of 3.66.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Several large investors have recently modified their holdings of USD. Bank of America Corp DE boosted its stake 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 valued at $68,000 after purchasing an additional 525 shares in the last quarter. JPMorgan Chase & Co. bought a new position in ProShares Ultra Semiconductors in the second quarter worth approximately $311,000. Franklin Resources Inc. purchased a new stake in ProShares Ultra Semiconductors during the second quarter worth $61,000. Raymond James Financial Inc. purchased a new stake in ProShares Ultra Semiconductors during the second quarter worth $83,000. Finally, Diversify Advisory Services LLC bought a new stake in ProShares Ultra Semiconductors during the 3rd quarter valued at $224,000.
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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