ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped down before the market opened on Monday . The stock had previously closed at $96.96, but opened at $92.56. ProShares Ultra Semiconductors shares last traded at $92.2190, with a volume of 131,791 shares.

ProShares Ultra Semiconductors Stock Performance

The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 40.05 and a beta of 3.65. The company has a 50-day moving average price of $96.83 and a 200-day moving average price of $71.05.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USD. Mariner LLC purchased a new position in ProShares Ultra Semiconductors in the third quarter valued at approximately $8,973,000. Dale Q Rice Investment Management Ltd raised its holdings in ProShares Ultra Semiconductors by 90.0% during the fourth quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock worth $23,009,000 after purchasing an additional 207,715 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of ProShares Ultra Semiconductors by 3,735,900.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock worth $1,962,000 after buying an additional 37,359 shares during the last quarter. Blair William & Co. IL lifted its position in shares of ProShares Ultra Semiconductors by 99.3% during the 4th quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after buying an additional 30,031 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its position in shares of ProShares Ultra Semiconductors by 89.7% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after buying an additional 23,865 shares during the last quarter.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.