ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $76.96, but opened at $81.42. ProShares Ultra Semiconductors shares last traded at $79.2970, with a volume of 153,526 shares.
ProShares Ultra Semiconductors Stock Performance
The business has a 50 day simple moving average of $89.54 and a 200-day simple moving average of $87.74. The stock has a market capitalization of $2.49 billion, a P/E ratio of 40.05 and a beta of 3.70.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Large investors have recently made changes to their positions in the business. Diversify Wealth Management LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 1st quarter worth approximately $155,000. Nwam LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 2nd quarter worth approximately $209,000. Sequoia Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors during the second quarter valued at approximately $223,000. Independent Financial Group LLC acquired a new stake in ProShares Ultra Semiconductors during the first quarter valued at approximately $231,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in ProShares Ultra Semiconductors during the first quarter valued at approximately $233,000.
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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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