ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $68.74, but opened at $66.13. ProShares Ultra Semiconductors shares last traded at $66.98, with a volume of 204,342 shares trading hands.
ProShares Ultra Semiconductors Stock Down 0.6 %
The firm’s fifty day simple moving average is $68.32 and its 200-day simple moving average is $64.69.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Several large investors have recently modified their holdings of the stock. Plotkin Financial Advisors LLC bought a new position in shares of ProShares Ultra Semiconductors during the third quarter valued at approximately $226,000. IMC Chicago LLC grew its position in ProShares Ultra Semiconductors by 120.0% in the 3rd quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock valued at $3,653,000 after acquiring an additional 16,620 shares during the last quarter. Bogart Wealth LLC purchased a new stake in ProShares Ultra Semiconductors in the third quarter worth $120,000. Scientech Research LLC bought a new stake in shares of ProShares Ultra Semiconductors during the second quarter worth $220,000. Finally, Client First Investment Management LLC boosted its stake in shares of ProShares Ultra Semiconductors by 750.4% during the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock valued at $4,325,000 after purchasing an additional 27,435 shares during the period.
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.
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