ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price rose 7.6% during trading on Wednesday . The stock traded as high as $103.96 and last traded at $103.83. Approximately 660,047 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 490,377 shares. The stock had previously closed at $96.49.
ProShares Ultra Semiconductors Trading Up 1.4 %
The stock’s fifty day simple moving average is $119.50 and its two-hundred day simple moving average is $112.15.
Institutional Investors Weigh In On ProShares Ultra Semiconductors
Large investors have recently modified their holdings of the company. Clarity Capital Partners LLC bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at about $4,089,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ProShares Ultra Semiconductors during the fourth quarter worth approximately $3,274,000. Hamilton Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors in the 1st quarter worth $4,399,000. 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 purchasing an additional 27,435 shares during the period. Finally, Evanson Asset Management LLC bought a new stake in ProShares Ultra Semiconductors during the 1st quarter valued at $767,000.
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Semiconductors
- What is a Stock Market Index and How Do You Use Them?
- Powering Your Portfolio: The Utility Sector’s Electrifying Surge
- How to Invest in Insurance Companies: A Guide
- Adobe Stock Builds Long-Term Value: Consider Buying on the Dip
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Albemarle Jumps as Lithium Stock Buying Frenzy Takes Off
Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
