ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up to $113.51

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $113.51, but opened at $119.63. ProShares Ultra Semiconductors shares last traded at $116.42, with a volume of 78,189 shares trading hands.

ProShares Ultra Semiconductors Trading Up 1.6 %

The company’s 50 day simple moving average is $135.85 and its 200-day simple moving average is $101.91.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of hedge funds and other institutional investors have recently made changes to their positions in USD. Cambridge Investment Research Advisors Inc. acquired a new stake in ProShares Ultra Semiconductors during the fourth quarter worth about $3,274,000. Simplex Trading LLC increased its position in ProShares Ultra Semiconductors by 16.9% during the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after purchasing an additional 1,686 shares in the last quarter. Advisory Alpha LLC purchased a new position in ProShares Ultra Semiconductors in the fourth quarter valued at approximately $278,000. US Asset Management LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter valued at approximately $702,000. Finally, Evanson Asset Management LLC purchased a new position in shares of ProShares Ultra Semiconductors in the 1st quarter valued at $767,000.

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.