ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Large Growth in Short Interest

ProShares Ultra Semiconductors (NYSEARCA:USD) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 487,022 shares, a growth of 67.3% from the September 30th total of 291,129 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 588,559 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra Semiconductors Stock Performance

USD stock opened at $69.87 on Monday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 40.05 and a beta of 3.70. ProShares Ultra Semiconductors has a 12 month low of $42.56 and a 12 month high of $116.50. The firm has a 50-day moving average of $86.98 and a two-hundred day moving average of $78.49.

Institutional Trading of ProShares Ultra Semiconductors

Large investors have recently added to or reduced their stakes in the stock. Latitude Advisors LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at about $25,000. Farther Finance Advisors LLC raised its stake in ProShares Ultra Semiconductors by 4.6% during the third quarter. Farther Finance Advisors LLC now owns 10,404 shares of the company’s stock worth $1,002,000 after purchasing an additional 456 shares during the period. Dale Q Rice Investment Management Ltd raised its stake in ProShares Ultra Semiconductors by 0.3% during the third quarter. Dale Q Rice Investment Management Ltd now owns 459,544 shares of the company’s stock worth $44,245,000 after purchasing an additional 1,230 shares during the period. Nwam LLC acquired a new position in ProShares Ultra Semiconductors in the 2nd quarter valued at about $209,000. Finally, Sequoia Financial Advisors LLC acquired a new position in ProShares Ultra Semiconductors in the 2nd quarter valued at about $223,000.

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