ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $65.81, but opened at $67.92. ProShares Ultra Semiconductors shares last traded at $68.42, with a volume of 277,934 shares trading hands.

ProShares Ultra Semiconductors Trading Up 4.0 %

The firm’s 50 day moving average price is $68.37 and its two-hundred day moving average price is $64.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in USD. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra Semiconductors in the 3rd quarter worth about $120,000. Scientech Research LLC acquired a new position in ProShares Ultra Semiconductors during the 2nd quarter worth approximately $220,000. First National Trust Co acquired a new position in shares of ProShares Ultra Semiconductors during the second quarter worth $223,000. Plotkin Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors during the 3rd quarter valued at $226,000. Finally, IMC Chicago LLC increased its position in shares of ProShares Ultra Semiconductors by 120.0% during the third 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 during the last quarter.

ProShares Ultra Semiconductors Company 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.