ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $49.20, but opened at $48.13. ProShares Ultra Semiconductors shares last traded at $45.75, with a volume of 150,584 shares trading hands.
ProShares Ultra Semiconductors Stock Performance
The company has a 50 day moving average price of $57.21 and a 200 day moving average price of $62.63. The company has a market capitalization of $822.65 million, a price-to-earnings ratio of 34.10 and a beta of 2.78.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
A number of hedge funds have recently added to or reduced their stakes in USD. Plotkin Financial Advisors LLC raised its holdings in shares of ProShares Ultra Semiconductors by 219.4% in the fourth quarter. Plotkin Financial Advisors LLC now owns 6,020 shares of the company’s stock valued at $392,000 after purchasing an additional 4,135 shares during the last quarter. US Asset Management LLC bought a new position in shares of ProShares Ultra Semiconductors during the 4th quarter worth approximately $1,251,000. Morse Asset Management Inc grew its holdings in shares of ProShares Ultra Semiconductors by 372.9% in the fourth quarter. Morse Asset Management Inc now owns 9,457 shares of the company’s stock valued at $616,000 after acquiring an additional 7,457 shares in the last quarter. Bank of America Corp DE increased its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock valued at $68,000 after acquiring an additional 525 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter valued at approximately $219,000.
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.
See Also
- Five stocks we like better than ProShares Ultra Semiconductors
- What is a penny stock? A comprehensive guide
- Energy Transfer: Powering Data With Dividends and Diversification
- Bank Stocks – Best Bank Stocks to Invest In
- Qualcomm Stock Is Coiling for a Breakout
- Why Are Stock Sectors Important to Successful Investing?
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
