Short Interest in ProShares Ultra Semiconductors (NYSEARCA:USD) Declines By 46.8%

ProShares Ultra Semiconductors (NYSEARCA:USD) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 144,580 shares, a decrease of 46.8% from the January 15th total of 271,662 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 778,415 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 778,415 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Large investors have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec acquired a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter worth about $32,000. HRT Financial LP grew its holdings in shares of ProShares Ultra Semiconductors by 51.1% during the fourth quarter. HRT Financial LP now owns 7,072 shares of the company’s stock worth $371,000 after buying an additional 2,392 shares during the last quarter. LPL Financial LLC grew its stake in shares of ProShares Ultra Semiconductors by 107.2% in the 4th quarter. LPL Financial LLC now owns 4,261 shares of the company’s stock valued at $224,000 after purchasing an additional 2,205 shares during the last quarter. Franklin Resources Inc. grew its position in ProShares Ultra Semiconductors by 163.6% in the 4th quarter. Franklin Resources Inc. now owns 2,156 shares of the company’s stock valued at $113,000 after buying an additional 1,338 shares during the last quarter. Finally, Beaton Management Co. Inc. increased its stake in ProShares Ultra Semiconductors by 64.9% in the 4th quarter. Beaton Management Co. Inc. now owns 20,980 shares of the company’s stock valued at $1,102,000 after buying an additional 8,260 shares during the period.

ProShares Ultra Semiconductors Price Performance

Shares of NYSEARCA:USD traded down $1.25 during trading on Friday, hitting $55.27. 702,125 shares of the company were exchanged, compared to its average volume of 857,107. The firm’s 50 day moving average price is $54.74 and its 200-day moving average price is $51.14. ProShares Ultra Semiconductors has a 12-month low of $12.56 and a 12-month high of $64.89. The stock has a market capitalization of $1.75 billion, a P/E ratio of 40.05 and a beta of 3.25.

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.