ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 3.3%

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) dropped 3.3% during mid-day trading on Monday . The stock traded as low as $87.52 and last traded at $87.72. Approximately 97,463 shares changed hands during trading, a decline of 73% from the average daily volume of 359,972 shares. The stock had previously closed at $90.67.

ProShares Ultra Semiconductors Trading Up 0.7 %

The firm has a fifty day simple moving average of $91.79 and a 200-day simple moving average of $65.99.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in shares of ProShares Ultra Semiconductors during the 3rd quarter worth approximately $646,000. Advisory Alpha LLC purchased a new stake in ProShares Ultra Semiconductors in the 4th quarter worth approximately $278,000. Simplex Trading LLC grew its stake in shares of ProShares Ultra Semiconductors by 16.9% during the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after buying an additional 1,686 shares during the period. US Asset Management LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the 4th quarter valued at $702,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares Ultra Semiconductors during the 4th quarter valued at $3,274,000.

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.