ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price traded up 10.9% on Friday. The stock traded as high as $57.72 and last traded at $55.7730. 421,663 shares changed hands during trading, a decline of 50% from the average daily volume of 841,398 shares. The stock had previously closed at $50.27.
ProShares Ultra Semiconductors Trading Up 8.4%
The firm’s fifty day moving average price is $85.45 and its 200-day moving average price is $78.62. The company has a market cap of $1.71 billion, a P/E ratio of 40.05 and a beta of 3.79.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. StoneX Group Inc. bought a new stake in shares of ProShares Ultra Semiconductors in the 3rd quarter worth about $254,000. Latitude Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its holdings in shares of ProShares Ultra Semiconductors by 179.9% during the third quarter. SBI Securities Co. Ltd. now owns 15,385 shares of the company’s stock worth $1,481,000 after buying an additional 9,889 shares in the last quarter. Harbor Group Inc. bought a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter valued at about $770,000. Finally, Dale Q Rice Investment Management Ltd raised its position 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 acquiring an additional 1,230 shares in 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.
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