ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $76.96, but opened at $81.42. ProShares Ultra Semiconductors shares last traded at $79.2970, with a volume of 153,526 shares changing hands.
ProShares Ultra Semiconductors Trading Up 4.9%
The stock has a 50-day simple moving average of $89.54 and a 200-day simple moving average of $87.74. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 40.05 and a beta of 3.70.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Wealth Management LLC bought a new stake in shares of ProShares Ultra Semiconductors during the 1st quarter worth about $155,000. Nwam LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter worth approximately $209,000. Sequoia Financial Advisors LLC bought a new position in shares of ProShares Ultra Semiconductors in the second quarter valued at approximately $223,000. Independent Financial Group LLC bought a new position in shares of ProShares Ultra Semiconductors in the first quarter valued at approximately $231,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in shares of ProShares Ultra Semiconductors in the first quarter valued at approximately $233,000.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Semiconductors
- The AI Trade Just Moved Into Your Bloodstream, and 4 Healthcare Stocks Are Winning
- 5 Beaten-Down AI Names That Could Bounce If Fear Fades
- Could AI Finally Unlock Apple’s Next Leg of Growth?
- Women Drive the Job Market—These 3 Stocks Are Following Them
Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
