ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up – Time to Buy?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $72.16, but opened at $75.06. ProShares Ultra Semiconductors shares last traded at $76.52, with a volume of 248,493 shares.

ProShares Ultra Semiconductors Trading Up 0.1 %

The business’s fifty day moving average is $66.74 and its 200-day moving average is $64.07.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Large investors have recently modified their holdings of the stock. Bogart Wealth LLC bought a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at about $120,000. Scientech Research LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at approximately $220,000. Pure Financial Advisors LLC lifted its stake in shares of ProShares Ultra Semiconductors by 100.0% during the 4th quarter. Pure Financial Advisors LLC now owns 3,436 shares of the company’s stock valued at $224,000 after buying an additional 1,718 shares in the last quarter. Plotkin Financial Advisors LLC bought a new position in ProShares Ultra Semiconductors in the 3rd quarter worth approximately $226,000. Finally, Merit Financial Group LLC purchased a new position in ProShares Ultra Semiconductors in the 4th quarter valued at approximately $280,000.

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.