ProShares Ultra Semiconductors Experiences Higher Trading Volume

On Friday, ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) experienced an unusual increase in trading volume. Approximately 430,289 shares were exchanged during mid-day trading, which was a 17% decrease from the previous day’s total of 516,799 shares. The stock was last traded at $70.56, having closed at $67.56 prior.

ProShares Ultra Semiconductors Stock Performance

The stock has a fifty-day simple moving average of $68.15 and a two-hundred-day simple moving average of $64.52. This indicates that the stock is performing relatively well in the short and long term.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Recent activity from hedge funds and institutional investors shows changing interest in ProShares Ultra Semiconductors. Bogart Wealth LLC acquired a new stake during the third quarter valued around $120,000. Additionally, Scientech Research LLC purchased a new position in the second quarter for approximately $220,000. Plotkin Financial Advisors LLC also established a new stake in the third quarter, worth around $226,000. Meanwhile, IMC Chicago LLC has significantly increased its holdings in ProShares Ultra Semiconductors by 120% during the third quarter and now owns 30,468 shares valued at $3,653,000 after an additional purchase of 16,620 shares. Likewise, Client First Investment Management LLC boosted its stakes dramatically by 750.4% in the second quarter, resulting in ownership of 31,091 shares valued at $4,325,000 after acquiring an additional 27,435 shares during that period.

ProShares Ultra Semiconductors Company Profile

ProShares Ultra Semiconductors aims to provide investment results that correspond to 200% of the daily performance of the Dow Jones U.S. Semiconductor Index. The fund typically invests at least 80% of its net assets, including any borrowing for investment purposes, in the equity securities and related financial instruments of this index.

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ProShares, Semiconductors, ETFs