ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price traded up 7.6% on Friday . The stock traded as high as $55.94 and last traded at $56.4990. 158,648 shares were traded during trading, a decline of 88% from the average session volume of 1,286,691 shares. The stock had previously closed at $52.51.
ProShares Ultra Semiconductors Stock Performance
The firm has a fifty day moving average price of $53.75 and a 200 day moving average price of $47.07. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 40.05 and a beta of 3.25.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of USD. JPMorgan Chase & Co. increased its stake in shares of ProShares Ultra Semiconductors by 325.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock worth $1,767,000 after purchasing an additional 13,645 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in ProShares Ultra Semiconductors during the third quarter worth about $64,000. Mariner LLC acquired a new position in ProShares Ultra Semiconductors during the third quarter worth approximately $8,973,000. Moors & Cabot Inc. bought a new stake in ProShares Ultra Semiconductors in the third quarter valued at approximately $240,000. Finally, Diversify Advisory Services LLC bought a new stake in ProShares Ultra Semiconductors in the third quarter valued at approximately $224,000.
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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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