ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Climb 2% – Still a Buy?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price were up 2% during mid-day trading on Monday. The stock traded as high as $103.23 and last traded at $102.97. Approximately 457,876 shares traded hands during trading, a decline of 46% from the average session volume of 844,012 shares. The stock had previously closed at $100.98.

ProShares Ultra Semiconductors Trading Up 2.0%

The company has a 50-day moving average of $88.00 and a 200-day moving average of $85.07. The firm has a market capitalization of $3.17 billion, a P/E ratio of 40.05 and a beta of 3.70.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of hedge funds have recently added to or reduced their stakes in the business. Mariner LLC increased its holdings in ProShares Ultra Semiconductors by 66.6% during the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after purchasing an additional 5,928,597 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in ProShares Ultra Semiconductors by 10.7% in the second quarter. Integrated Wealth Concepts LLC now owns 663,610 shares of the company’s stock valued at $69,188,000 after acquiring an additional 64,000 shares during the last quarter. Quantinno Capital Management LP grew its holdings in ProShares Ultra Semiconductors by 414.2% during the first quarter. Quantinno Capital Management LP now owns 21,615 shares of the company’s stock valued at $1,036,000 after purchasing an additional 17,411 shares during the period. Client First Investment Management LLC bought a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter worth $1,121,000. Finally, Dale Q Rice Investment Management Ltd increased its stake in shares of ProShares Ultra Semiconductors by 2.0% in the first quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock worth $21,447,000 after purchasing an additional 8,716 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.