Short Interest in ProShares Ultra Semiconductors (NYSEARCA:USD) Grows By 56.4%

ProShares Ultra Semiconductors (NYSEARCA:USD) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 790,754 shares, an increase of 56.4% from the November 30th total of 505,511 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 734,742 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.5% of the shares of the stock are short sold.

ProShares Ultra Semiconductors Stock Performance

ProShares Ultra Semiconductors stock opened at $53.45 on Wednesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 40.05 and a beta of 3.25. The company’s fifty day moving average price is $53.67 and its 200 day moving average price is $46.99. ProShares Ultra Semiconductors has a 1 year low of $12.56 and a 1 year high of $64.89.

Institutional Trading of ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guerra Advisors Inc acquired a new position in shares of ProShares Ultra Semiconductors during the 3rd quarter worth about $26,000. Quintet Private Bank Europe S.A. purchased a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth approximately $31,000. Franklin Resources Inc. acquired a new position in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $61,000. Qube Research & Technologies Ltd purchased a new position in shares of ProShares Ultra Semiconductors in the third quarter valued at approximately $64,000. Finally, Bank of America Corp DE boosted its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after acquiring an additional 525 shares during the last quarter.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.