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

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down prior to trading on Tuesday . The stock had previously closed at $68.28, but opened at $65.41. ProShares Ultra Semiconductors shares last traded at $64.52, with a volume of 176,909 shares changing hands.

ProShares Ultra Semiconductors Stock Down 5.9 %

The firm’s 50 day moving average is $68.26 and its two-hundred day moving average is $64.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in USD. Bogart Wealth LLC acquired a new stake in ProShares Ultra Semiconductors in the third quarter worth $120,000. Scientech Research LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at about $220,000. First National Trust Co acquired a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at about $223,000. Plotkin Financial Advisors LLC bought a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at about $226,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in ProShares Ultra Semiconductors by 514.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after buying an additional 19,164 shares during the period.

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.