Valeo Financial Advisors LLC purchased a new stake in ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,600 shares of the company’s stock, valued at approximately $340,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in ProShares Ultra Semiconductors in the 1st quarter valued at $25,000. Quintet Private Bank Europe S.A. acquired a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at $31,000. Bank of America Corp DE increased its stake in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock valued at $68,000 after buying an additional 525 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at $209,000. Finally, Pure Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at $254,000.
ProShares Ultra Semiconductors Price Performance
ProShares Ultra Semiconductors stock opened at $109.04 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 40.05 and a beta of 2.70. The company’s 50-day moving average is $91.60 and its 200-day moving average is $68.70. ProShares Ultra Semiconductors has a fifty-two week low of $25.13 and a fifty-two week high of $110.85.
About ProShares Ultra Semiconductors
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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