ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD) shares gapped up before the market opened on Wednesday . The stock had previously closed at $61.10, but opened at $63.48. ProShares Ultra Semiconductors shares last traded at $63.34, with a volume of 114,131 shares traded.

ProShares Ultra Semiconductors Price Performance

The business’s 50-day moving average is $68.20 and its two-hundred day moving average is $64.44.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USD. Client First Investment Management LLC lifted its stake in 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 valued at $4,325,000 after purchasing an additional 27,435 shares during the last quarter. First National Trust Co acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at approximately $223,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of ProShares Ultra Semiconductors by 514.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after acquiring an additional 19,164 shares during the period. Pure Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter worth approximately $239,000. Finally, Bogart Wealth LLC bought a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at $120,000.

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.