Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) dropped 5.3% during mid-day trading on Monday . The stock traded as low as $123.76 and last traded at $123.85. Approximately 270,461 shares were traded during trading, a decline of 44% from the average daily volume of 482,529 shares. The stock had previously closed at $130.83.
ProShares Ultra Semiconductors Trading Down 4.1 %
The firm has a fifty day simple moving average of $128.13 and a 200-day simple moving average of $110.39.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently bought and sold shares of USD. Clarity Capital Partners LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter valued at approximately $4,089,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter valued at approximately $3,274,000. Hamilton Wealth LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter valued at approximately $4,399,000. Client First Investment Management LLC boosted its position in ProShares Ultra Semiconductors by 750.4% during 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 period. Finally, US Asset Management LLC acquired a new position in ProShares Ultra Semiconductors during the 4th quarter valued at approximately $702,000.
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.
See Also
- Five stocks we like better than ProShares Ultra Semiconductors
- Health Care Stocks Explained: Why You Might Want to Invest
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- How to Calculate Return on Investment (ROI)
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- The How And Why of Investing in Oil Stocks
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
