ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price rose 3.9% on Monday . The stock traded as high as $67.85 and last traded at $66.99. Approximately 517,529 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 937,530 shares. The stock had previously closed at $64.45.
ProShares Ultra Semiconductors Stock Performance
The stock has a 50-day moving average of $68.05 and a two-hundred day moving average of $64.61.
Institutional Trading of ProShares Ultra Semiconductors
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the third quarter valued at approximately $120,000. Scientech Research LLC purchased a new stake in ProShares Ultra Semiconductors during the 2nd quarter valued at $220,000. First National Trust Co bought a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter worth $223,000. Plotkin Financial Advisors LLC purchased a new position in shares of ProShares Ultra Semiconductors in the third quarter worth $226,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of ProShares Ultra Semiconductors by 514.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after purchasing an additional 19,164 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.
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