ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 15.7% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price fell 15.7% during mid-day trading on Friday . The company traded as low as $90.87 and last traded at $89.9350. 1,440,518 shares traded hands during trading, an increase of 58% from the average session volume of 912,240 shares. The stock had previously closed at $106.64.

ProShares Ultra Semiconductors Stock Performance

The company’s 50-day moving average price is $79.02 and its 200 day moving average price is $62.87. The stock has a market cap of $2.69 billion, a PE ratio of 40.05 and a beta of 3.66.

Institutional Inflows and Outflows

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