ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report)’s stock is scheduled to split before the market opens on Wednesday, November 6th. The 2-1 split was announced on Monday, October 28th. The newly issued shares will be payable to shareholders after the market closes on Tuesday, November 5th.
ProShares Ultra Semiconductors Stock Up 3.3 %
USD traded up $4.51 on Tuesday, hitting $141.81. 339,157 shares of the company traded hands, compared to its average volume of 483,129. The company has a 50 day moving average of $121.10 and a 200-day moving average of $119.05. ProShares Ultra Semiconductors has a 12-month low of $32.13 and a 12-month high of $170.13.
Institutional Trading of ProShares Ultra Semiconductors
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at about $120,000. Scientech Research LLC acquired a new position in shares of ProShares Ultra Semiconductors during the 2nd quarter worth approximately $220,000. First National Trust Co purchased a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $223,000. Pure Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors during the 2nd quarter valued at $239,000. Finally, Morse Asset Management Inc purchased a new position in ProShares Ultra Semiconductors during the first quarter worth $268,000.
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.
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