Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) traded down 8.4% during mid-day trading on Monday . The stock traded as low as $80.50 and last traded at $78.5060. 215,456 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 916,599 shares. The stock had previously closed at $85.74.
ProShares Ultra Semiconductors Price Performance
The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 40.05 and a beta of 3.65. The firm has a fifty day moving average of $96.07 and a 200 day moving average of $73.51.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Several hedge funds have recently bought and sold shares of USD. Client First Investment Management LLC purchased a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at approximately $1,121,000. Quantinno Capital Management LP boosted its holdings in ProShares Ultra Semiconductors by 414.2% during the first quarter. Quantinno Capital Management LP now owns 21,615 shares of the company’s stock worth $1,036,000 after buying an additional 17,411 shares in the last quarter. Dale Q Rice Investment Management Ltd grew its position in ProShares Ultra Semiconductors by 2.0% during the first quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock valued at $21,447,000 after buying an additional 8,716 shares during the period. Independent Financial Group LLC acquired a new stake in ProShares Ultra Semiconductors during the first quarter valued at $231,000. Finally, Diversify Wealth Management LLC purchased a new position in ProShares Ultra Semiconductors in the first quarter valued at $155,000.
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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