ProShares Ultra Semiconductors (NYSEARCA:USD) Short Interest Update

ProShares Ultra Semiconductors (NYSEARCA:USD) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 296,669 shares, a growth of 58.8% from the February 12th total of 186,797 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 741,260 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 741,260 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Several hedge funds and other institutional investors have recently modified their holdings of USD. Guerra Advisors Inc bought a new position in shares of ProShares Ultra Semiconductors during the third quarter worth about $26,000. Federation des caisses Desjardins du Quebec bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at about $32,000. BOKF NA boosted its stake in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after purchasing an additional 360 shares during the period. Whittier Trust Co. boosted its stake in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock valued at $54,000 after purchasing an additional 480 shares during the period. Finally, Franklin Resources Inc. bought a new position in ProShares Ultra Semiconductors in the 2nd quarter worth about $61,000.

ProShares Ultra Semiconductors Price Performance

Shares of NYSEARCA USD traded down $1.23 during mid-day trading on Friday, hitting $51.70. The company had a trading volume of 743,457 shares, compared to its average volume of 830,699. ProShares Ultra Semiconductors has a 12 month low of $12.56 and a 12 month high of $64.89. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 40.05 and a beta of 3.25. The firm’s 50 day simple moving average is $55.73 and its two-hundred day simple moving average is $52.64.

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.