Chung Wu Investment Group LLC Buys New Position in ProShares Ultra Semiconductors $USD

Chung Wu Investment Group LLC purchased a new stake in ProShares Ultra Semiconductors (NYSEARCA:USD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,080 shares of the company’s stock, valued at approximately $450,000.

Several other large investors have also bought and sold shares of the stock. Client First Investment Management LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter worth $8,680,000. Cambridge Investment Research Advisors Inc. boosted its holdings in ProShares Ultra Semiconductors by 9.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,096 shares of the company’s stock worth $286,000 after purchasing an additional 610 shares during the last quarter. IMC Chicago LLC bought a new stake in ProShares Ultra Semiconductors in the 1st quarter worth about $928,000. Brookwood Investment Group LLC purchased a new stake in ProShares Ultra Semiconductors in the 1st quarter valued at about $671,000. Finally, Pure Financial Advisors LLC purchased a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at about $254,000.

ProShares Ultra Semiconductors Stock Down 1.3%

Shares of NYSEARCA USD opened at $102.57 on Monday. ProShares Ultra Semiconductors has a twelve month low of $25.13 and a twelve month high of $105.62. The stock’s 50 day moving average price is $90.11 and its 200-day moving average price is $67.40. The company has a market capitalization of $1.57 billion, a PE ratio of 40.05 and a beta of 2.70.

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.