ProShares Ultra Semiconductors (NYSEARCA:USD) Trading Up 5.5% – Still a Buy?

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) shot up 5.5% on Friday . The stock traded as high as $69.20 and last traded at $69.30. 129,711 shares changed hands during trading, a decline of 83% from the average session volume of 769,534 shares. The stock had previously closed at $65.69.

ProShares Ultra Semiconductors Trading Up 6.2 %

The firm’s 50 day simple moving average is $66.63 and its two-hundred day simple moving average is $64.11.

Institutional Trading of ProShares Ultra Semiconductors

Institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in shares of ProShares Ultra Semiconductors during the third quarter worth about $120,000. Scientech Research LLC bought a new position in shares of ProShares Ultra Semiconductors during the second quarter valued at $220,000. Pure Financial Advisors LLC increased its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock valued at $224,000 after buying an additional 1,718 shares in the last quarter. Plotkin Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the third quarter valued at $226,000. Finally, Merit Financial Group LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter valued at $280,000.

ProShares Ultra Semiconductors Company Profile

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.