ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Significant Decrease in Short Interest

ProShares Ultra Semiconductors (NYSEARCA:USD) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 300,125 shares, a decline of 62.0% from the December 15th total of 790,754 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 621,153 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 621,153 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the company are short sold.

ProShares Ultra Semiconductors Price Performance

NYSEARCA USD traded down $1.65 during trading on Wednesday, reaching $54.74. The company’s stock had a trading volume of 665,986 shares, compared to its average volume of 675,693. The firm has a fifty day moving average of $53.06 and a 200 day moving average of $48.55. The stock has a market capitalization of $1.74 billion, a PE ratio of 40.05 and a beta of 3.25. ProShares Ultra Semiconductors has a one year low of $12.56 and a one year high of $64.89.

Institutional Trading of ProShares Ultra Semiconductors

Several large investors have recently modified their holdings of USD. Mariner LLC bought a new position in shares of ProShares Ultra Semiconductors during the third quarter worth $8,973,000. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Semiconductors in the second quarter worth $17,117,000. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at about $8,680,000. JPMorgan Chase & Co. increased its position in shares of ProShares Ultra Semiconductors by 325.0% in the third quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock valued at $1,767,000 after buying an additional 13,645 shares in the last quarter. Finally, Avaii Wealth Management LLC lifted its holdings in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Avaii Wealth Management LLC now owns 24,864 shares of the company’s stock valued at $1,306,000 after purchasing an additional 12,432 shares in the last quarter.

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.