US Asset Management LLC Sells 9,487 Shares of ProShares Ultra Semiconductors $USD

US Asset Management LLC cut its position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 50.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,395 shares of the company’s stock after selling 9,487 shares during the period. US Asset Management LLC’s holdings in ProShares Ultra Semiconductors were worth $930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USD. Mariner LLC purchased a new stake in ProShares Ultra Semiconductors in the 3rd quarter worth about $8,973,000. Quadrature Capital Ltd bought a new position in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $17,117,000. JPMorgan Chase & Co. grew its stake in shares of ProShares Ultra Semiconductors by 325.0% during the third quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock valued at $1,767,000 after buying an additional 13,645 shares during the last quarter. IMC Chicago LLC raised its holdings in shares of ProShares Ultra Semiconductors by 30.1% in the third quarter. IMC Chicago LLC now owns 52,707 shares of the company’s stock worth $5,219,000 after buying an additional 12,209 shares during the period. Finally, Dale Q Rice Investment Management Ltd lifted its stake in shares of ProShares Ultra Semiconductors by 3.9% during the 3rd quarter. Dale Q Rice Investment Management Ltd now owns 230,848 shares of the company’s stock worth $25,172,000 after acquiring an additional 8,568 shares during the last quarter.

ProShares Ultra Semiconductors Stock Up 0.0%

USD opened at $53.26 on Wednesday. The business has a fifty day moving average of $55.65 and a 200 day moving average of $52.89. ProShares Ultra Semiconductors has a 52-week low of $12.56 and a 52-week high of $64.89. The stock has a market cap of $1.69 billion, a P/E ratio of 40.05 and a beta of 3.25.

ProShares Ultra Semiconductors 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.