ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Should You Buy?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $99.11, but opened at $106.26. ProShares Ultra Semiconductors shares last traded at $107.1570, with a volume of 195,909 shares traded.

ProShares Ultra Semiconductors Trading Up 9.5%

The firm has a market cap of $3.30 billion, a P/E ratio of 40.05 and a beta of 3.66. The company’s 50-day moving average is $87.50 and its two-hundred day moving average is $65.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of USD. Mariner LLC lifted its stake in ProShares Ultra Semiconductors by 66.6% during the 4th quarter. Mariner LLC now owns 14,832,743 shares of the company’s stock valued at $778,867,000 after acquiring an additional 5,928,597 shares in the last quarter. Dale Q Rice Investment Management Ltd grew its position in ProShares Ultra Semiconductors by 2.0% in the 1st quarter. Dale Q Rice Investment Management Ltd now owns 447,279 shares of the company’s stock worth $21,447,000 after purchasing an additional 8,716 shares in the last quarter. IMC Chicago LLC grew its position in ProShares Ultra Semiconductors by 21.1% in the 4th 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 in the last quarter. Blair William & Co. IL increased its stake in ProShares Ultra Semiconductors by 99.3% in the 4th quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock valued at $3,165,000 after buying an additional 30,031 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its stake in ProShares Ultra Semiconductors by 89.7% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock valued at $2,650,000 after buying an additional 23,865 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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.