ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $76.05, but opened at $78.99. ProShares Ultra Semiconductors shares last traded at $76.53, with a volume of 369,023 shares changing hands.
ProShares Ultra Semiconductors Stock Performance
The firm has a 50 day simple moving average of $68.30 and a two-hundred day simple moving average of $64.27.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at $120,000. Scientech Research LLC bought a new stake in ProShares Ultra Semiconductors in the second quarter worth about $220,000. Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at about $226,000. IMC Chicago LLC boosted its position in shares of ProShares Ultra Semiconductors by 120.0% during the 3rd quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock valued at $3,653,000 after purchasing an additional 16,620 shares in the last quarter. Finally, Client First Investment Management LLC grew its stake in shares of ProShares Ultra Semiconductors by 750.4% in the 2nd quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after purchasing an additional 27,435 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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