ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $84.57, but opened at $78.95. ProShares Ultra Semiconductors shares last traded at $78.7480, with a volume of 369,770 shares trading hands.
ProShares Ultra Semiconductors Trading Down 3.9%
The firm’s 50 day moving average is $90.04 and its two-hundred day moving average is $87.25. The firm has a market cap of $2.49 billion, a P/E ratio of 40.05 and a beta of 3.70.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Hedge funds have recently bought and sold shares of the company. Harbor Group Inc. acquired a new stake in ProShares Ultra Semiconductors in the third quarter worth $770,000. Dale Q Rice Investment Management Ltd boosted its position 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 purchasing an additional 1,230 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ProShares Ultra Semiconductors by 4.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,404 shares of the company’s stock valued at $1,002,000 after buying an additional 456 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at $223,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of ProShares Ultra Semiconductors by 10.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 663,610 shares of the company’s stock valued at $69,188,000 after buying an additional 64,000 shares during the period.
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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