ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 4.5% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) shot up 4.5% during trading on Monday . The stock traded as high as $142.69 and last traded at $142.65. 77,960 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 481,923 shares. The stock had previously closed at $136.45.

ProShares Ultra Semiconductors Trading Down 9.7 %

The business has a fifty day moving average price of $116.23 and a 200-day moving average price of $116.44.

Institutional Trading of ProShares Ultra Semiconductors

Several institutional investors have recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC bought a new stake in ProShares Ultra Semiconductors in the 1st quarter valued at about $29,000. Scientech Research LLC bought a new position in shares of ProShares Ultra Semiconductors during the second quarter worth approximately $220,000. First National Trust Co acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at approximately $223,000. Pure Financial Advisors LLC bought a new stake in shares of ProShares Ultra Semiconductors in the second quarter valued at approximately $239,000. Finally, Morse Asset Management Inc acquired a new stake in ProShares Ultra Semiconductors during the first quarter worth approximately $268,000.

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.