ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 470,755 shares changed hands during trading, a decline of 44% from the previous session’s volume of 840,387 shares.The stock last traded at $80.4070 and had previously closed at $80.25.
ProShares Ultra Semiconductors Stock Performance
The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 40.05 and a beta of 3.36. The business’s 50-day simple moving average is $57.80 and its 200-day simple moving average is $55.55.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Guerra Advisors Inc acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter valued at about $26,000. Federation des caisses Desjardins du Quebec acquired a new position in ProShares Ultra Semiconductors during the 4th quarter valued at about $32,000. BOKF NA lifted its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after purchasing an additional 360 shares during the period. Whittier Trust Co. lifted its position in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock valued at $54,000 after purchasing an additional 480 shares during the period. Finally, Franklin Resources Inc. acquired a new position in ProShares Ultra Semiconductors during the 2nd quarter valued at about $61,000.
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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