ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $88.68, but opened at $95.71. ProShares Ultra Semiconductors shares last traded at $93.4430, with a volume of 331,758 shares trading hands.
ProShares Ultra Semiconductors Price Performance
The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 40.05 and a beta of 3.66. The stock has a 50-day moving average price of $81.67 and a 200-day moving average price of $63.76.
Institutional Trading of ProShares Ultra Semiconductors
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of ProShares Ultra Semiconductors by 325.0% in the third quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock valued at $1,767,000 after buying an additional 13,645 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in ProShares Ultra Semiconductors by 89.7% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after purchasing an additional 23,865 shares during the last quarter. Avaii Wealth Management LLC lifted its holdings in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Avaii Wealth Management LLC now owns 24,864 shares of the company’s stock worth $1,306,000 after purchasing an additional 12,432 shares during the last quarter. Morse Asset Management Inc lifted its holdings in ProShares Ultra Semiconductors by 99.3% during the 4th quarter. Morse Asset Management Inc now owns 17,687 shares of the company’s stock worth $929,000 after purchasing an additional 8,812 shares during the last quarter. Finally, Chung Wu Investment Group LLC lifted its holdings in ProShares Ultra Semiconductors by 116.7% during the 4th quarter. Chung Wu Investment Group LLC now owns 18,200 shares of the company’s stock worth $956,000 after purchasing an additional 9,800 shares during the last quarter.
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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