ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) traded up 4.8% during mid-day trading on Thursday . The company traded as high as $83.66 and last traded at $83.50. 123,079 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 362,182 shares. The stock had previously closed at $79.70.
ProShares Ultra Semiconductors Stock Up 7.9 %
The stock’s fifty day moving average price is $91.79 and its 200-day moving average price is $65.65.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
A number of institutional investors have recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC acquired a new position in ProShares Ultra Semiconductors during the first quarter worth $29,000. Evanson Asset Management LLC acquired a new position in ProShares Ultra Semiconductors during the first quarter worth $767,000. Clarity Capital Partners LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter worth $4,089,000. Cambridge Investment Research Advisors Inc. acquired a new position in ProShares Ultra Semiconductors during the fourth quarter worth $3,274,000. Finally, US Asset Management LLC bought a new position in ProShares Ultra Semiconductors during the fourth quarter worth $702,000.
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.
See Also
- Five stocks we like better than ProShares Ultra Semiconductors
- 3 Stocks to Consider Buying in October
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to Use the MarketBeat Stock Screener
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Where Do I Find 52-Week Highs and Lows?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.