ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $82.01, but opened at $76.53. ProShares Ultra Semiconductors shares last traded at $76.9560, with a volume of 170,834 shares trading hands.
ProShares Ultra Semiconductors Stock Performance
The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 40.05 and a beta of 3.70. The company has a 50 day moving average of $88.90 and a 200 day moving average of $88.39.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently made changes to their positions in USD. SBI Securities Co. Ltd. grew its position in shares of ProShares Ultra Semiconductors by 179.9% during the third quarter. SBI Securities Co. Ltd. now owns 15,385 shares of the company’s stock worth $1,481,000 after buying an additional 9,889 shares in the last quarter. Harbor Group Inc. purchased a new stake in shares of ProShares Ultra Semiconductors during the third quarter worth approximately $770,000. Dale Q Rice Investment Management Ltd increased its stake in shares of ProShares Ultra Semiconductors by 0.3% during the third quarter. Dale Q Rice Investment Management Ltd now owns 459,544 shares of the company’s stock worth $44,245,000 after buying an additional 1,230 shares during the period. Farther Finance Advisors LLC raised its holdings in ProShares Ultra Semiconductors by 4.6% in the third quarter. Farther Finance Advisors LLC now owns 10,404 shares of the company’s stock valued at $1,002,000 after acquiring an additional 456 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors in the second quarter valued at approximately $223,000.
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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