ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 7.4% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price fell 7.4% on Monday . The company traded as low as $37.00 and last traded at $37.81. 336,929 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 946,845 shares. The stock had previously closed at $40.83.

ProShares Ultra Semiconductors Price Performance

The firm has a market capitalization of $695.89 million, a P/E ratio of 30.08 and a beta of 2.78. The firm’s fifty day moving average price is $55.72 and its 200-day moving average price is $62.48.

ProShares Ultra Semiconductors Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.0499 per share. The ex-dividend date is Wednesday, March 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Plotkin Financial Advisors LLC lifted its holdings in ProShares Ultra Semiconductors by 219.4% in the 4th quarter. Plotkin Financial Advisors LLC now owns 6,020 shares of the company’s stock valued at $392,000 after acquiring an additional 4,135 shares during the last quarter. US Asset Management LLC acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter valued at approximately $1,251,000. Morse Asset Management Inc boosted its stake in shares of ProShares Ultra Semiconductors by 372.9% during the 4th quarter. Morse Asset Management Inc now owns 9,457 shares of the company’s stock worth $616,000 after acquiring an additional 7,457 shares in the last quarter. Bank of America Corp DE raised its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after purchasing an additional 525 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 4th quarter valued at $219,000.

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.