Client First Investment Management LLC Has $4.33 Million Position in ProShares Ultra Semiconductors (NYSEARCA:USD)

Client First Investment Management LLC lifted its holdings in ProShares Ultra Semiconductors (NYSEARCA:USD) by 750.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,091 shares of the company’s stock after purchasing an additional 27,435 shares during the quarter. ProShares Ultra Semiconductors accounts for about 3.4% of Client First Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Client First Investment Management LLC owned 0.37% of ProShares Ultra Semiconductors worth $4,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USD. Iron Horse Wealth Management LLC purchased a new stake in ProShares Ultra Semiconductors in the first quarter worth approximately $29,000. First National Trust Co purchased a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter worth $223,000. Pure Financial Advisors LLC bought a new stake in shares of ProShares Ultra Semiconductors in the second quarter worth $239,000. Morse Asset Management Inc purchased a new stake in ProShares Ultra Semiconductors during the first quarter valued at $268,000. Finally, Evanson Asset Management LLC bought a new position in ProShares Ultra Semiconductors in the first quarter valued at about $767,000.

ProShares Ultra Semiconductors Price Performance

Shares of NYSEARCA:USD opened at $111.75 on Friday. The stock’s 50-day simple moving average is $114.37 and its two-hundred day simple moving average is $113.06. ProShares Ultra Semiconductors has a 52-week low of $32.13 and a 52-week high of $170.13.

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.