ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 8.4% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price were down 8.4% during trading on Monday . The company traded as low as $80.50 and last traded at $78.5060. 215,456 shares changed hands during trading, a decline of 76% from the average session volume of 916,599 shares. The stock had previously closed at $85.74.

ProShares Ultra Semiconductors Stock Performance

The company has a 50 day moving average of $96.07 and a two-hundred day moving average of $73.51. The stock has a market cap of $2.41 billion, a PE ratio of 40.05 and a beta of 3.65.

Institutional Trading of ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in USD. JPMorgan Chase & Co. lifted its position in shares of ProShares Ultra Semiconductors by 325.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock valued at $1,767,000 after buying an additional 13,645 shares in the last quarter. Retirement Planning Co of New England Inc. increased its holdings in ProShares Ultra Semiconductors by 89.7% in 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 acquiring an additional 23,865 shares in the last quarter. Mariner LLC increased its holdings in ProShares Ultra Semiconductors by 66.6% in the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after acquiring an additional 5,928,597 shares in the last quarter. IMC Chicago LLC raised its position in ProShares Ultra Semiconductors by 21.1% during the fourth quarter. IMC Chicago LLC now owns 63,823 shares of the company’s stock worth $3,351,000 after acquiring an additional 11,116 shares during the period. Finally, Morse Asset Management Inc raised its position in ProShares Ultra Semiconductors by 99.3% during the fourth quarter. Morse Asset Management Inc now owns 17,687 shares of the company’s stock worth $929,000 after acquiring an additional 8,812 shares during the period.

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