ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up to $73.32

ProShares Ultra Semiconductors (NYSEARCA:USD) shares gapped up before the market opened on Monday . The stock had previously closed at $73.32, but opened at $75.49. ProShares Ultra Semiconductors shares last traded at $73.96, with a volume of 151,999 shares changing hands.

ProShares Ultra Semiconductors Trading Up 5.2 %

The business’s 50-day moving average price is $91.40 and its 200 day moving average price is $65.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Iron Horse Wealth Management LLC bought a new stake in ProShares Ultra Semiconductors in the first quarter worth $29,000. Advisory Alpha LLC purchased a new position in shares of ProShares Ultra Semiconductors during the fourth quarter valued at about $278,000. Simplex Trading LLC increased its position in shares of ProShares Ultra Semiconductors by 16.9% during the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after buying an additional 1,686 shares during the period. Deutsche Bank AG purchased a new position in shares of ProShares Ultra Semiconductors during the third quarter valued at about $646,000. Finally, US Asset Management LLC purchased a new position in shares of ProShares Ultra Semiconductors during the fourth quarter valued at about $702,000.

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.