ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Break Above 200 Day Moving Average – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $78.15 and traded as high as $81.24. ProShares Ultra Semiconductors shares last traded at $80.71, with a volume of 600,103 shares trading hands.

ProShares Ultra Semiconductors Price Performance

The business has a fifty day moving average of $87.29 and a 200-day moving average of $78.42. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 40.05 and a beta of 3.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its position in shares of ProShares Ultra Semiconductors by 10.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 663,610 shares of the company’s stock valued at $69,188,000 after purchasing an additional 64,000 shares during the period. Quantinno Capital Management LP increased its stake in ProShares Ultra Semiconductors by 414.2% in the 1st quarter. Quantinno Capital Management LP now owns 21,615 shares of the company’s stock worth $1,036,000 after purchasing an additional 17,411 shares in the last quarter. Client First Investment Management LLC acquired a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth about $1,121,000. SBI Securities Co. Ltd. raised its holdings in ProShares Ultra Semiconductors by 179.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,385 shares of the company’s stock worth $1,481,000 after buying an additional 9,889 shares during the period. Finally, Dale Q Rice Investment Management Ltd raised its holdings in ProShares Ultra Semiconductors by 2.0% during the 1st quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock worth $21,447,000 after buying an additional 8,716 shares during the period.

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.