ProShares Ultra Semiconductors (NYSEARCA:USD) Hits New 52-Week High – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) shares reached a new 52-week high on Wednesday . The company traded as high as $86.76 and last traded at $85.5220, with a volume of 199019 shares traded. The stock had previously closed at $81.02.

ProShares Ultra Semiconductors Stock Up 9.2%

The stock has a market capitalization of $2.89 billion, a PE ratio of 40.05 and a beta of 3.63. The stock’s 50 day moving average price is $60.27 and its 200-day moving average price is $56.66.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Institutional investors have recently bought and sold shares of the business. Mariner LLC purchased a new position in shares of ProShares Ultra Semiconductors in the third quarter valued at about $8,973,000. Dale Q Rice Investment Management Ltd grew its position in shares of ProShares Ultra Semiconductors by 90.0% during the fourth quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock worth $23,009,000 after purchasing an additional 207,715 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in ProShares Ultra Semiconductors by 3,735,900.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock valued at $1,962,000 after purchasing an additional 37,359 shares during the period. Blair William & Co. IL raised its stake in ProShares Ultra Semiconductors by 99.3% during the 4th quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock valued at $3,165,000 after purchasing an additional 30,031 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its holdings in ProShares Ultra Semiconductors by 89.7% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after purchasing an additional 23,865 shares in 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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.