ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Unusually-High Trading Volume

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) saw an uptick in trading volume on Monday . Approximately 159,772 shares traded hands during mid-day trading, a decline of 61% from the previous session’s volume of 408,892 shares.The stock last traded at $135.07 and had previously closed at $126.28.

ProShares Ultra Semiconductors Price Performance

The company’s 50-day simple moving average is $135.62 and its 200-day simple moving average is $101.83.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Hedge funds have recently modified their holdings of the stock. Iron Horse Wealth Management LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the 1st quarter valued at approximately $29,000. Simplex Trading LLC boosted its position in shares of ProShares Ultra Semiconductors by 16.9% in the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after buying an additional 1,686 shares during the period. Pure Financial Advisors LLC acquired a new stake in shares of ProShares Ultra Semiconductors in the second quarter worth $239,000. Morse Asset Management Inc purchased a new position in shares of ProShares Ultra Semiconductors during the first quarter valued at $268,000. Finally, Advisory Alpha LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter valued at $278,000.

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.