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

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down prior to trading on Wednesday . The stock had previously closed at $40.90, but opened at $39.26. ProShares Ultra Semiconductors shares last traded at $40.65, with a volume of 32,559 shares trading hands.

ProShares Ultra Semiconductors Stock Down 1.1 %

The company’s 50-day moving average is $54.51 and its 200-day moving average is $62.26. The stock has a market cap of $719.33 million, a price-to-earnings ratio of 30.08 and a beta of 2.78.

ProShares Ultra Semiconductors Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.0499 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several institutional investors and hedge funds have recently made changes to their positions in USD. Dale Q Rice Investment Management Ltd acquired a new position in ProShares Ultra Semiconductors during the 4th quarter valued at about $28,445,000. Integrated Wealth Concepts LLC lifted its holdings in ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 376,652 shares of the company’s stock valued at $24,535,000 after buying an additional 188,326 shares during the period. Client First Investment Management LLC boosted its stake in ProShares Ultra Semiconductors by 58.1% in the fourth quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock valued at $4,495,000 after acquiring an additional 25,351 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of ProShares Ultra Semiconductors by 552.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 45,552 shares of the company’s stock valued at $2,967,000 after acquiring an additional 38,574 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. grew its stake in shares of ProShares Ultra Semiconductors by 95.8% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 35,788 shares of the company’s stock worth $2,331,000 after purchasing an additional 17,512 shares during the period.

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.