ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down before the market opened on Friday . The stock had previously closed at $69.37, but opened at $67.19. ProShares Ultra Semiconductors shares last traded at $67.22, with a volume of 218,419 shares.

ProShares Ultra Semiconductors Stock Down 6.9 %

The business’s 50 day moving average is $65.01 and its 200-day moving average is $62.33.

Institutional Trading of ProShares Ultra Semiconductors

Several hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in ProShares Ultra Semiconductors in the 3rd quarter worth approximately $120,000. Scientech Research LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter worth $220,000. First National Trust Co bought a new position in ProShares Ultra Semiconductors during the second quarter worth $223,000. Pure Financial Advisors LLC bought a new position in ProShares Ultra Semiconductors during the second quarter worth $239,000. Finally, Plotkin Financial Advisors LLC acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter valued at $226,000.

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.