ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 5.5% – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price shot up 5.5% during mid-day trading on Friday . The company traded as high as $69.20 and last traded at $69.30. 129,711 shares were traded during mid-day trading, a decline of 83% from the average session volume of 769,534 shares. The stock had previously closed at $65.69.

ProShares Ultra Semiconductors Stock Up 6.3 %

The business’s 50 day moving average price is $66.71 and its two-hundred day moving average price is $64.16.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Hedge funds have recently bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at $120,000. Scientech Research LLC bought a new position in shares of ProShares Ultra Semiconductors in the second quarter valued at $220,000. Plotkin Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors during the third quarter valued at about $226,000. Pure Financial Advisors LLC increased its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock worth $224,000 after acquiring an additional 1,718 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter worth about $280,000.

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.