ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up to $143.01

ProShares Ultra Semiconductors (NYSEARCA:USD) shares gapped up prior to trading on Thursday . The stock had previously closed at $143.01, but opened at $151.00. ProShares Ultra Semiconductors shares last traded at $152.21, with a volume of 137,826 shares changing hands.

ProShares Ultra Semiconductors Stock Performance

The company’s 50 day moving average is $104.46 and its 200 day moving average is $82.92.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in ProShares Ultra Semiconductors during the fourth quarter worth about $3,274,000. Deutsche Bank AG acquired a new stake in ProShares Ultra Semiconductors in the 3rd quarter valued at $646,000. Simplex Trading LLC grew its position in ProShares Ultra Semiconductors by 16.9% in the fourth quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock valued at $633,000 after acquiring an additional 1,686 shares during the period. Advisory Alpha LLC acquired a new position in ProShares Ultra Semiconductors during the fourth quarter worth $278,000. Finally, US Asset Management LLC bought a new position in shares of ProShares Ultra Semiconductors during the fourth quarter valued at $702,000.

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.