ProShares Ultra Semiconductors Experiences High Trading Volume

On Friday, ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report) experienced a significant spike in trading volume. Approximately 430,289 shares were exchanged during mid-day trading, which marked a decrease of 17% compared to the previous session’s trading volume of 516,799 shares. The stock was last noted at a price of $70.56, having closed the previous day at $67.56.

ProShares Ultra Semiconductors Stock Performance

The stock has shown notable trends in its moving averages, with a fifty-day simple moving average of $68.15 and a 200-day simple moving average of $64.52.

Institutional Movements in ProShares Ultra Semiconductors

Recently, several hedge funds and institutional investors have made changes to their positions in ProShares Ultra Semiconductors. For instance, Bogart Wealth LLC acquired a new stake in the company during the third quarter, valued at about $120,000. Scientech Research LLC also made a new purchase of approximately $220,000 in the second quarter. Additionally, Plotkin Financial Advisors LLC added a new stake worth around $226,000 in the third quarter. IMC Chicago LLC expanded its holdings by 120.0% during the same period, currently owning 30,468 shares valued at $3,653,000 after buying an additional 16,620 shares. Lastly, Client First Investment Management LLC increased its stake by a notable 750.4% in the second quarter, resulting in ownership of 31,091 shares valued at $4,325,000 after purchasing 27,435 more shares.

About ProShares Ultra Semiconductors

The ProShares Ultra Semiconductors fund aims to achieve daily investment returns that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index. The fund typically invests at least 80% of its net assets, including any borrowings, in equity securities that are elements of the index or in financial instruments with similar economic characteristics.

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