Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) fell 20.5% during trading on Thursday. The stock traded as low as $52.82 and last traded at $51.9070. Approximately 1,236,085 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 833,934 shares. The stock had previously closed at $65.28.
ProShares Ultra Semiconductors Price Performance
The company’s 50 day simple moving average is $86.07 and its 200 day simple moving average is $78.66. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 40.05 and a beta of 3.79.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Latitude Advisors LLC purchased a new position in ProShares Ultra Semiconductors in the third quarter worth approximately $25,000. Diversify Wealth Management LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter valued at approximately $155,000. Nwam LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $209,000. Sequoia Financial Advisors LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $223,000. Finally, Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter valued at $231,000.
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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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