Short Interest in ProShares Ultra Semiconductors (NYSEARCA:USD) Expands By 58.8%

ProShares Ultra Semiconductors (NYSEARCA:USD) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 296,669 shares, an increase of 58.8% from the February 12th total of 186,797 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 741,260 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 741,260 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USD. Mariner LLC increased its holdings in shares of ProShares Ultra Semiconductors by 66.6% during the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock worth $778,867,000 after acquiring an additional 5,928,597 shares during the last quarter. Dale Q Rice Investment Management Ltd lifted its holdings in ProShares Ultra Semiconductors by 90.0% during the 4th quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock valued at $23,009,000 after purchasing an additional 207,715 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Semiconductors during the 2nd quarter valued at $17,117,000. IMC Chicago LLC boosted its position in ProShares Ultra Semiconductors by 21.1% during the fourth quarter. IMC Chicago LLC now owns 63,823 shares of the company’s stock worth $3,351,000 after purchasing an additional 11,116 shares during the period. Finally, Blair William & Co. IL boosted its position in ProShares Ultra Semiconductors by 99.3% during the fourth quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after purchasing an additional 30,031 shares during the period.

ProShares Ultra Semiconductors Stock Performance

ProShares Ultra Semiconductors stock traded down $1.23 during midday trading on Friday, reaching $51.70. 743,457 shares of the company’s stock were exchanged, compared to its average volume of 830,699. ProShares Ultra Semiconductors has a 52 week low of $12.56 and a 52 week high of $64.89. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 40.05 and a beta of 3.25. The stock’s 50-day simple moving average is $55.73 and its 200 day simple moving average is $52.70.

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.