ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Up 5.8% – Here’s Why

ProShares Ultra Semiconductors (NYSEARCA:USD) shares were up 5.8% during mid-day trading on Wednesday . The stock traded as high as $89.96 and last traded at $90.6230. 455,170 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 940,667 shares. The stock had previously closed at $85.68.

ProShares Ultra Semiconductors Stock Up 2.9%

The company’s 50 day moving average is $96.47 and its 200 day moving average is $70.73. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 40.05 and a beta of 3.65.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Large investors have recently modified their holdings of the business. BOKF NA lifted its position in ProShares Ultra Semiconductors by 100.0% in the 4th quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after acquiring an additional 360 shares in the last quarter. Whittier Trust Co. increased its holdings in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Whittier Trust Co. now owns 960 shares of the company’s stock worth $54,000 after purchasing an additional 480 shares in the last quarter. Bank of America Corp DE raised its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Bank of America Corp DE now owns 1,050 shares of the company’s stock worth $68,000 after purchasing an additional 525 shares during the last quarter. Federation des caisses Desjardins du Quebec purchased a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter worth approximately $32,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of ProShares Ultra Semiconductors in the third quarter valued at approximately $64,000.

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.