ProShares Ultra Semiconductors (NYSEARCA:USD) Sets New 12-Month High – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.52 and last traded at $82.45, with a volume of 1273607 shares traded. The stock had previously closed at $80.25.

ProShares Ultra Semiconductors Stock Up 1.1%

The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 40.05 and a beta of 3.36. The company’s 50-day moving average is $58.23 and its 200-day moving average is $55.71.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of USD. Guerra Advisors Inc acquired a new stake in ProShares Ultra Semiconductors during the third quarter worth about $26,000. Federation des caisses Desjardins du Quebec acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter worth about $32,000. BOKF NA increased its position in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. BOKF NA now owns 720 shares of the company’s stock worth $38,000 after purchasing an additional 360 shares during the last quarter. Whittier Trust Co. increased its position in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in ProShares Ultra Semiconductors during the second quarter worth about $61,000.

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.