ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Down – Here’s What Happened

ProShares Ultra Semiconductors (NYSEARCA:USD) shares gapped down before the market opened on Monday . The stock had previously closed at $68.74, but opened at $66.13. ProShares Ultra Semiconductors shares last traded at $66.98, with a volume of 204,342 shares changing hands.

ProShares Ultra Semiconductors Price Performance

The business’s fifty day simple moving average is $68.32 and its 200-day simple moving average is $64.69.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC bought a new position in ProShares Ultra Semiconductors in the third quarter worth $120,000. Scientech Research LLC purchased a new stake in ProShares Ultra Semiconductors in the second quarter worth about $220,000. First National Trust Co bought a new position in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $223,000. Plotkin Financial Advisors LLC purchased a new position in shares of ProShares Ultra Semiconductors during the third quarter valued at approximately $226,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of ProShares Ultra Semiconductors by 514.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,891 shares of the company’s stock worth $3,185,000 after purchasing an additional 19,164 shares in the last quarter.

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.