ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 5.3%

ProShares Ultra Semiconductors (NYSEARCA:USD) shares fell 5.3% during mid-day trading on Monday . The company traded as low as $123.76 and last traded at $123.85. 270,461 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 482,529 shares. The stock had previously closed at $130.83.

ProShares Ultra Semiconductors Trading Down 4.1 %

The firm’s fifty day simple moving average is $128.13 and its two-hundred day simple moving average is $110.39.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Several large investors have recently added to or reduced their stakes in USD. Iron Horse Wealth Management LLC bought a new stake in ProShares Ultra Semiconductors in the first quarter worth $29,000. Scientech Research LLC bought a new stake in ProShares Ultra Semiconductors in the second quarter worth $220,000. First National Trust Co bought a new stake in ProShares Ultra Semiconductors in the second quarter worth $223,000. Pure Financial Advisors LLC bought a new stake in ProShares Ultra Semiconductors in the second quarter worth $239,000. Finally, Morse Asset Management Inc bought a new stake in ProShares Ultra Semiconductors in the first quarter worth $268,000.

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.