ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Large Volume Increase

ProShares Ultra Semiconductors (NYSEARCA:USDGet Free Report) shares saw an uptick in trading volume on Friday . 113,970 shares traded hands during mid-day trading, a decline of 69% from the previous session’s volume of 366,693 shares.The stock last traded at $130.73 and had previously closed at $132.88.

ProShares Ultra Semiconductors Stock Performance

The business has a 50-day simple moving average of $99.07 and a two-hundred day simple moving average of $78.95.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

A number of large investors have recently modified their holdings of the business. Iron Horse Wealth Management LLC purchased a new position in shares of ProShares Ultra Semiconductors during the 1st quarter worth approximately $29,000. Simplex Trading LLC increased its stake in ProShares Ultra Semiconductors by 16.9% in the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after purchasing an additional 1,686 shares in the last quarter. Morse Asset Management Inc purchased a new position in ProShares Ultra Semiconductors in the 1st quarter valued at approximately $268,000. Advisory Alpha LLC purchased a new position in ProShares Ultra Semiconductors in the 4th quarter valued at approximately $278,000. Finally, Evanson Asset Management LLC purchased a new position in ProShares Ultra Semiconductors in the 1st quarter valued at approximately $767,000.

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.

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