ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 15.7% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) were down 15.7% on Friday . The company traded as low as $90.87 and last traded at $89.9350. Approximately 1,440,518 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 912,240 shares. The stock had previously closed at $106.64.

ProShares Ultra Semiconductors Price Performance

The stock has a 50 day simple moving average of $79.75 and a two-hundred day simple moving average of $63.05. The company has a market cap of $2.69 billion, a PE ratio of 40.05 and a beta of 3.66.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several large investors have recently modified their holdings of USD. Mariner LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the third quarter worth approximately $8,973,000. Dale Q Rice Investment Management Ltd raised its stake in shares of ProShares Ultra Semiconductors by 90.0% during the fourth quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock worth $23,009,000 after purchasing an additional 207,715 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ProShares Ultra Semiconductors by 3,735,900.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock worth $1,962,000 after purchasing an additional 37,359 shares during the last quarter. Blair William & Co. IL raised its stake in shares of ProShares Ultra Semiconductors by 99.3% during the fourth quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after purchasing an additional 30,031 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. raised its stake in shares of ProShares Ultra Semiconductors by 89.7% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after purchasing an additional 23,865 shares during the last quarter.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.