ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 1.7%

ProShares Ultra Semiconductors (NYSEARCA:USDGet Rating)’s stock price shot up 1.7% during mid-day trading on Wednesday . The company traded as high as $18.80 and last traded at $18.42. 958,536 shares traded hands during mid-day trading, an increase of 245% from the average session volume of 278,093 shares. The stock had previously closed at $18.11.

The stock has a fifty day moving average price of $24.07 and a 200-day moving average price of $34.30.

A number of hedge funds have recently made changes to their positions in USD. Qube Research & Technologies Ltd acquired a new position in ProShares Ultra Semiconductors during the fourth quarter worth $35,000. Moors & Cabot Inc. purchased a new stake in ProShares Ultra Semiconductors during the third quarter worth $56,000. Citigroup Inc. purchased a new stake in ProShares Ultra Semiconductors during the first quarter worth $71,000. IFP Advisors Inc purchased a new stake in ProShares Ultra Semiconductors during the fourth quarter worth $186,000. Finally, Advisory Alpha LLC purchased a new stake in ProShares Ultra Semiconductors during the first quarter worth $203,000.

About ProShares Ultra Semiconductors (NYSEARCA:USD)

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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