ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price fell 4.1% during trading on Friday . The stock traded as low as $72.86 and last traded at $73.09. 378,597 shares changed hands during trading, a decline of 49% from the average session volume of 747,233 shares. The stock had previously closed at $76.24.
ProShares Ultra Semiconductors Price Performance
The stock has a fifty day simple moving average of $66.74 and a two-hundred day simple moving average of $64.07.
Institutional Trading of ProShares Ultra Semiconductors
Institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter worth about $120,000. Scientech Research LLC acquired a new stake in ProShares Ultra Semiconductors in the second quarter worth $220,000. Spire Wealth Management lifted its stake in ProShares Ultra Semiconductors by 100.1% in the fourth quarter. Spire Wealth Management now owns 3,751 shares of the company’s stock valued at $244,000 after buying an additional 1,876 shares during the last quarter. Avaii Wealth Management LLC boosted its holdings in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Avaii Wealth Management LLC now owns 12,432 shares of the company’s stock valued at $810,000 after acquiring an additional 6,216 shares during the period. Finally, Merit Financial Group LLC bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at about $280,000.
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.
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