ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD) shares gapped up prior to trading on Thursday . The stock had previously closed at $81.21, but opened at $87.20. ProShares Ultra Semiconductors shares last traded at $86.7140, with a volume of 218,901 shares.

ProShares Ultra Semiconductors Stock Performance

The business has a 50 day simple moving average of $89.09 and a 200-day simple moving average of $78.57. The stock has a market capitalization of $2.61 billion, a P/E ratio of 40.05 and a beta of 3.69.

Institutional Trading of ProShares Ultra Semiconductors

Several institutional investors have recently modified their holdings of the company. Mariner LLC grew its holdings in ProShares Ultra Semiconductors by 66.6% during the fourth 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 during the period. Dale Q Rice Investment Management Ltd raised its position in ProShares Ultra Semiconductors by 2.0% in the first quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock worth $21,447,000 after acquiring an additional 8,716 shares in the last quarter. IMC Chicago LLC lifted its holdings in ProShares Ultra Semiconductors by 21.1% in the 4th quarter. IMC Chicago LLC now owns 63,823 shares of the company’s stock valued at $3,351,000 after acquiring an additional 11,116 shares during the last quarter. Blair William & Co. IL lifted its holdings in ProShares Ultra Semiconductors by 99.3% in the 4th quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock valued at $3,165,000 after acquiring an additional 30,031 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares Ultra Semiconductors by 3,735,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock valued at $1,962,000 after acquiring an additional 37,359 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.