ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares rose 3.8% during trading on Monday . The company traded as high as $103.52 and last traded at $103.40. Approximately 33,044 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 351,448 shares. The stock had previously closed at $99.64.
ProShares Ultra Semiconductors Price Performance
The stock has a 50 day moving average price of $93.42 and a 200 day moving average price of $72.88.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in USD. Iron Horse Wealth Management LLC purchased a new position in ProShares Ultra Semiconductors during the first quarter valued at $29,000. Morse Asset Management Inc purchased a new position in shares of ProShares Ultra Semiconductors in the first quarter worth $268,000. Advisory Alpha LLC purchased a new position in shares of ProShares Ultra Semiconductors in the fourth quarter worth $278,000. Simplex Trading LLC raised its stake in shares of ProShares Ultra Semiconductors by 16.9% in the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after purchasing an additional 1,686 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of ProShares Ultra Semiconductors in the third quarter worth $646,000.
ProShares Ultra Semiconductors Company Profile
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.
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