ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $76.05, but opened at $78.99. ProShares Ultra Semiconductors shares last traded at $76.53, with a volume of 369,023 shares trading hands.
ProShares Ultra Semiconductors Price Performance
The firm has a 50 day moving average price of $68.15 and a 200-day moving average price of $64.27.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Several hedge funds have recently made changes to their positions in the business. Client First Investment Management LLC grew its position in ProShares Ultra Semiconductors by 750.4% in the 2nd quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock valued at $4,325,000 after buying an additional 27,435 shares during the last quarter. Bogart Wealth LLC purchased a new stake in ProShares Ultra Semiconductors in the 3rd quarter worth approximately $120,000. Scientech Research LLC acquired a new position in ProShares Ultra Semiconductors in the second quarter valued at $220,000. Plotkin Financial Advisors LLC acquired a new position in ProShares Ultra Semiconductors during the third quarter worth approximately $226,000. Finally, IMC Chicago LLC increased its position in ProShares Ultra Semiconductors by 120.0% during the 3rd quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock worth $3,653,000 after purchasing an additional 16,620 shares in the last quarter.
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.
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