Chicago Partners Investment Group LLC purchased a new position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,108 shares of the company’s stock, valued at approximately $252,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. acquired a new position in ProShares Ultra Semiconductors during the 2nd quarter worth approximately $31,000. Bank of America Corp DE raised its position in shares of ProShares Ultra Semiconductors by 100.0% in the 4th quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock valued at $68,000 after purchasing an additional 525 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of ProShares Ultra Semiconductors by 9.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,096 shares of the company’s stock valued at $286,000 after purchasing an additional 610 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at approximately $25,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $209,000.
ProShares Ultra Semiconductors Stock Up 4.8%
Shares of USD opened at $107.65 on Friday. The business’s 50 day moving average is $94.60 and its two-hundred day moving average is $73.53. ProShares Ultra Semiconductors has a 52-week low of $25.13 and a 52-week high of $111.11. The firm has a market cap of $1.68 billion, a price-to-earnings 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.
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