ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped up before the market opened on Tuesday . The stock had previously closed at $83.24, but opened at $89.03. ProShares Ultra Semiconductors shares last traded at $87.1520, with a volume of 144,324 shares.

ProShares Ultra Semiconductors Stock Up 7.2%

The company’s 50-day moving average is $96.80 and its 200 day moving average is $72.49. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 40.05 and a beta of 3.65.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of ProShares Ultra Semiconductors by 325.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock worth $1,767,000 after buying an additional 13,645 shares during the period. Retirement Planning Co of New England Inc. grew its stake 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 valued at $2,650,000 after acquiring an additional 23,865 shares during the period. IMC Chicago LLC grew its stake in ProShares Ultra Semiconductors by 21.1% in the 4th quarter. IMC Chicago LLC now owns 63,823 shares of the company’s stock valued at $3,351,000 after acquiring an additional 11,116 shares during the period. Mariner LLC increased its holdings in ProShares Ultra Semiconductors by 66.6% in the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after acquiring an additional 5,928,597 shares in the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Avaii Wealth Management LLC now owns 24,864 shares of the company’s stock worth $1,306,000 after acquiring an additional 12,432 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.