ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 20.5% – Should You Sell?

ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price were down 20.5% on Thursday. The company traded as low as $52.82 and last traded at $51.9070. Approximately 1,236,085 shares were traded during trading, an increase of 48% from the average session volume of 833,934 shares. The stock had previously closed at $65.28.

ProShares Ultra Semiconductors Trading Up 7.1%

The stock has a market capitalization of $1.70 billion, a P/E ratio of 40.05 and a beta of 3.79. The company has a 50-day moving average price of $84.75 and a 200 day moving average price of $78.62.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several institutional investors have recently bought and sold shares of the company. Latitude Advisors LLC purchased a new position in ProShares Ultra Semiconductors during the 3rd quarter worth $25,000. Farther Finance Advisors LLC raised its stake in ProShares Ultra Semiconductors by 4.6% in the third quarter. Farther Finance Advisors LLC now owns 10,404 shares of the company’s stock valued at $1,002,000 after buying an additional 456 shares during the last quarter. Dale Q Rice Investment Management Ltd raised its stake in ProShares Ultra Semiconductors by 0.3% in the third quarter. Dale Q Rice Investment Management Ltd now owns 459,544 shares of the company’s stock valued at $44,245,000 after buying an additional 1,230 shares during the last quarter. Nwam LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the second quarter worth about $209,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in ProShares Ultra Semiconductors during the 2nd quarter worth approximately $223,000.

ProShares Ultra Semiconductors Company Profile

(Get Free Report)

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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