ProShares Ultra Semiconductors (NYSEARCA:USD) Sets New 1-Year Low – Time to Sell?

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) hit a new 52-week low on Thursday . The company traded as low as $34.88 and last traded at $35.47, with a volume of 606205 shares changing hands. The stock had previously closed at $41.43.

ProShares Ultra Semiconductors Price Performance

The company has a market cap of $519.00 million, a price-to-earnings ratio of 30.08 and a beta of 2.78. The firm has a fifty day simple moving average of $52.10 and a 200 day simple moving average of $61.74.

ProShares Ultra Semiconductors Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.0499 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of ProShares Ultra Semiconductors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dale Q Rice Investment Management Ltd acquired a new position in shares of ProShares Ultra Semiconductors during the fourth quarter valued at about $28,445,000. Merit Financial Group LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 4th quarter worth approximately $280,000. Client First Investment Management LLC grew its holdings in shares of ProShares Ultra Semiconductors by 58.1% during the 4th quarter. Client First Investment Management LLC now owns 69,012 shares of the company’s stock worth $4,495,000 after purchasing an additional 25,351 shares in the last quarter. Pure Financial Advisors LLC increased its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock valued at $224,000 after purchasing an additional 1,718 shares during the period. Finally, Advisory Alpha LLC raised its stake in shares of ProShares Ultra Semiconductors by 100.2% in the fourth quarter. Advisory Alpha LLC now owns 10,224 shares of the company’s stock valued at $666,000 after purchasing an additional 5,117 shares in the last quarter.

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.