ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 7.6%

ProShares Ultra Semiconductors (NYSEARCA:USDGet 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

(Get Free Report)

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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