ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Down 5.9%

ProShares Ultra Semiconductors (NYSEARCA:USD)’s stock price traded down 5.9% during mid-day trading on Wednesday . The company traded as low as $85.86 and last traded at $86.50. 178,654 shares traded hands during trading, a decline of 51% from the average session volume of 361,493 shares. The stock had previously closed at $91.88.

ProShares Ultra Semiconductors Stock Performance

The business has a 50 day moving average of $91.39 and a 200-day moving average of $63.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Laurel Wealth Advisors Inc. raised its holdings in shares of ProShares Ultra Semiconductors by 2.1% in the first quarter. Laurel Wealth Advisors Inc. now owns 188,520 shares of the company’s stock worth $7,533,000 after acquiring an additional 3,872 shares during the last quarter. Clarity Capital Partners LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter valued at $4,089,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter valued at $3,274,000. Goldman Sachs Group Inc. grew its position in shares of ProShares Ultra Semiconductors by 99.6% in the second quarter. Goldman Sachs Group Inc. now owns 31,936 shares of the company’s stock valued at $1,349,000 after purchasing an additional 15,934 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter valued at $365,000.

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.