ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $89.20, but opened at $95.52. ProShares Ultra Semiconductors shares last traded at $92.05, with a volume of 161,080 shares changing hands.

ProShares Ultra Semiconductors Price Performance

The company has a market cap of $2.90 billion, a price-to-earnings ratio of 40.05 and a beta of 3.65. The stock has a 50-day moving average price of $97.06 and a 200 day moving average price of $71.30.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in ProShares Ultra Semiconductors by 325.0% during the third 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. Retirement Planning Co of New England Inc. increased its stake in ProShares Ultra Semiconductors by 89.7% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock valued at $2,650,000 after buying an additional 23,865 shares during the last quarter. Mariner LLC lifted its position in ProShares Ultra Semiconductors by 66.6% during the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after buying an additional 5,928,597 shares in the last quarter. IMC Chicago LLC lifted its position in ProShares Ultra Semiconductors by 21.1% during the 4th quarter. IMC Chicago LLC now owns 63,823 shares of the company’s stock worth $3,351,000 after buying an additional 11,116 shares in the last quarter. Finally, Morse Asset Management Inc lifted its position in ProShares Ultra Semiconductors by 99.3% during the 4th quarter. Morse Asset Management Inc now owns 17,687 shares of the company’s stock worth $929,000 after buying an additional 8,812 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.