ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 15.7% – What’s Next?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price fell 15.7% on Friday . The stock traded as low as $90.87 and last traded at $89.9350. 1,440,518 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 912,240 shares. The stock had previously closed at $106.64.

ProShares Ultra Semiconductors Trading Down 16.8%

The stock has a 50 day simple moving average of $79.02 and a 200-day simple moving average of $62.87. The firm has a market cap of $2.69 billion, a PE ratio of 40.05 and a beta of 3.66.

Institutional Trading of ProShares Ultra Semiconductors

Several institutional investors have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec purchased a new position in ProShares Ultra Semiconductors in the 4th quarter worth approximately $32,000. BOKF NA grew its holdings in ProShares Ultra Semiconductors by 100.0% during the 4th quarter. BOKF NA now owns 720 shares of the company’s stock valued at $38,000 after buying an additional 360 shares in the last quarter. Whittier Trust Co. raised its position in shares of ProShares Ultra Semiconductors by 100.0% during the fourth quarter. Whittier Trust Co. now owns 960 shares of the company’s stock valued at $54,000 after buying an additional 480 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $61,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of ProShares Ultra Semiconductors in the third quarter worth $64,000.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.