ProShares Ultra Semiconductors (NYSEARCA:USD) Short Interest Update

ProShares Ultra Semiconductors (NYSEARCA:USD) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 364,015 shares, an increase of 64.8% from the April 30th total of 220,922 shares. Based on an average daily trading volume, of 1,059,614 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.2% of the company’s stock are short sold.

ProShares Ultra Semiconductors Stock Performance

USD stock opened at $112.24 on Thursday. The stock’s 50 day simple moving average is $77.91 and its 200 day simple moving average is $62.50. ProShares Ultra Semiconductors has a fifty-two week low of $29.71 and a fifty-two week high of $116.50. The company has a market cap of $3.41 billion, a P/E ratio of 40.05 and a beta of 3.63.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USD. Mariner LLC acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter worth approximately $8,973,000. Dale Q Rice Investment Management Ltd raised its stake in ProShares Ultra Semiconductors by 90.0% during the 4th quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock worth $23,009,000 after buying an additional 207,715 shares during the period. Tower Research Capital LLC TRC raised its stake in 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 period. Blair William & Co. IL raised its stake in 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 period. Finally, Retirement Planning Co of New England Inc. raised its stake in 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 period.

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.