ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Significant Growth in Short Interest

ProShares Ultra Semiconductors (NYSEARCA:USD) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 790,754 shares, a growth of 56.4% from the November 30th total of 505,511 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.5% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in ProShares Ultra Semiconductors during the second quarter valued at about $209,000. Prime Capital Investment Advisors LLC acquired a new stake in ProShares Ultra Semiconductors in the second quarter valued at approximately $369,000. Client First Investment Management LLC purchased a new position in ProShares Ultra Semiconductors in the second quarter worth $8,680,000. First National Trust Co acquired a new position in ProShares Ultra Semiconductors during the 2nd quarter valued at about $237,000. Finally, Bogart Wealth LLC raised its position in shares of ProShares Ultra Semiconductors by 450.0% in the 2nd quarter. Bogart Wealth LLC now owns 1,100 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the last quarter.

ProShares Ultra Semiconductors Price Performance

USD stock traded up $0.03 during mid-day trading on Tuesday, reaching $53.75. The company had a trading volume of 184,870 shares, compared to its average volume of 1,289,170. ProShares Ultra Semiconductors has a 12 month low of $12.56 and a 12 month high of $64.89. The company has a market capitalization of $1.68 billion, a PE ratio of 40.05 and a beta of 3.25. The firm has a 50 day moving average of $53.62 and a 200 day moving average of $46.83.

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.