ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $96.96, but opened at $92.56. ProShares Ultra Semiconductors shares last traded at $92.2190, with a volume of 131,791 shares traded.

ProShares Ultra Semiconductors Stock Down 4.9%

The stock has a market capitalization of $2.83 billion, a PE ratio of 40.05 and a beta of 3.65. The business’s 50-day moving average is $96.83 and its two-hundred day moving average is $71.05.

Institutional Trading of ProShares Ultra Semiconductors

A number of large investors have recently made changes to their positions in USD. Federation des caisses Desjardins du Quebec purchased a new position in ProShares Ultra Semiconductors during the 4th quarter worth approximately $32,000. Qube Research & Technologies Ltd acquired a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter valued at $64,000. BOKF NA grew its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock worth $38,000 after purchasing an additional 360 shares during the last quarter. Franklin Resources Inc. purchased a new position in ProShares Ultra Semiconductors during the 2nd quarter worth $61,000. Finally, Whittier Trust Co. grew its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares during the last quarter.

About ProShares Ultra Semiconductors

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.