Morse Asset Management Inc acquired a new position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,700 shares of the company’s stock, valued at approximately $268,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter valued at approximately $29,000. Advisory Alpha LLC bought a new stake in ProShares Ultra Semiconductors during the fourth quarter valued at $278,000. Evanson Asset Management LLC acquired a new stake in shares of ProShares Ultra Semiconductors during the first quarter worth $767,000. Simplex Trading LLC lifted its position in shares of ProShares Ultra Semiconductors by 16.9% in the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after buying an additional 1,686 shares during the last quarter. Finally, US Asset Management LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 4th quarter valued at about $702,000.
ProShares Ultra Semiconductors Stock Down 0.7 %
Shares of ProShares Ultra Semiconductors stock traded down $0.81 on Monday, reaching $115.37. 262,448 shares of the company were exchanged, compared to its average volume of 424,754. ProShares Ultra Semiconductors has a 1-year low of $32.13 and a 1-year high of $170.13. The company’s 50-day moving average is $136.18 and its two-hundred day moving average is $103.00.
ProShares Ultra Semiconductors Profile
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.
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