ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) shares saw an uptick in trading volume on Friday . 430,289 shares traded hands during trading, a decline of 17% from the previous session’s volume of 516,799 shares.The stock last traded at $70.56 and had previously closed at $67.56.
ProShares Ultra Semiconductors Trading Up 5.9 %
The stock’s fifty day simple moving average is $68.09 and its 200-day simple moving average is $64.56.
Institutional Trading of ProShares Ultra Semiconductors
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USD. Client First Investment Management LLC boosted its holdings 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 purchasing an additional 27,435 shares during the period. IMC Chicago LLC lifted its stake in shares of ProShares Ultra Semiconductors by 120.0% in the third quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock valued at $3,653,000 after buying an additional 16,620 shares during the period. Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors during the third quarter worth about $226,000. First National Trust Co bought a new position in ProShares Ultra Semiconductors during the second quarter valued at about $223,000. Finally, Scientech Research LLC bought a new position in ProShares Ultra Semiconductors during the second quarter valued at about $220,000.
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.
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