ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 11%

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) traded down 11% during trading on Monday . The stock traded as low as $76.63 and last traded at $87.12. 278,097 shares traded hands during trading, a decline of 38% from the average session volume of 451,950 shares. The stock had previously closed at $97.94.

ProShares Ultra Semiconductors Trading Down 8.2 %

The firm’s 50 day moving average is $134.93 and its 200 day moving average is $105.23.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of large investors have recently made changes to their positions in USD. Clarity Capital Partners LLC acquired a new stake in shares of ProShares Ultra Semiconductors during the fourth quarter valued at approximately $4,089,000. Cambridge Investment Research Advisors Inc. acquired a new position in ProShares Ultra Semiconductors in the 4th quarter valued at approximately $3,274,000. Hamilton Wealth LLC acquired a new position in ProShares Ultra Semiconductors in the 1st quarter valued at approximately $4,399,000. US Asset Management LLC acquired a new position in ProShares Ultra Semiconductors in the 4th quarter valued at approximately $702,000. Finally, Evanson Asset Management LLC acquired a new position in ProShares Ultra Semiconductors in the 1st quarter valued at approximately $767,000.

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.