ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Up 6.6% – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price traded up 6.6% during trading on Friday . The stock traded as high as $68.40 and last traded at $67.87. 125,788 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 933,532 shares. The stock had previously closed at $63.67.

ProShares Ultra Semiconductors Stock Performance

The firm has a 50 day simple moving average of $68.20 and a two-hundred day simple moving average of $64.44.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Plotkin Financial Advisors LLC purchased a new stake in ProShares Ultra Semiconductors during the third quarter valued at about $226,000. IMC Chicago LLC raised its position in shares of ProShares Ultra Semiconductors by 120.0% in the 3rd quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock worth $3,653,000 after acquiring an additional 16,620 shares in the last quarter. Bogart Wealth LLC purchased a new position in ProShares Ultra Semiconductors during the 3rd quarter valued at about $120,000. Scientech Research LLC bought a new position in ProShares Ultra Semiconductors during the 2nd quarter valued at approximately $220,000. Finally, Client First Investment Management LLC lifted its stake in shares of ProShares Ultra Semiconductors by 750.4% in the second quarter. Client First Investment Management LLC now owns 31,091 shares of the company’s stock worth $4,325,000 after buying an additional 27,435 shares in 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.