ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 8.2% – Time to Buy?

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) traded up 8.2% on Monday . The stock traded as high as $34.01 and last traded at $31.58. 1,560,523 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 958,508 shares. The stock had previously closed at $29.19.

ProShares Ultra Semiconductors Stock Up 6.7 %

The stock has a market capitalization of $553.85 million, a P/E ratio of 30.08 and a beta of 2.78. The business has a fifty day moving average price of $51.67 and a 200-day moving average price of $61.67.

ProShares Ultra Semiconductors Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0499 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. grew its stake in shares of ProShares Ultra Semiconductors by 152.6% during the 4th quarter. Whittier Trust Co. now owns 480 shares of the company’s stock valued at $31,000 after purchasing an additional 290 shares during the period. Iron Horse Wealth Management LLC grew its position in ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 612 shares of the company’s stock valued at $40,000 after buying an additional 306 shares during the period. Bank of America Corp DE increased its holdings in 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 buying an additional 525 shares during the last quarter. Bogart Wealth LLC raised its position in ProShares Ultra Semiconductors by 50.0% in the fourth quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock worth $98,000 after acquiring an additional 500 shares during the period. Finally, First National Trust Co purchased a new position in shares of ProShares Ultra Semiconductors during the 4th quarter worth $208,000.

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.