ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Up 5.7%

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price shot up 5.7% during mid-day trading on Tuesday . The stock traded as high as $140.12 and last traded at $139.99. 341,445 shares changed hands during trading, a decline of 12% from the average session volume of 386,928 shares. The stock had previously closed at $132.43.

ProShares Ultra Semiconductors Trading Up 0.1 %

The company’s 50 day moving average is $113.77 and its 200-day moving average is $89.14.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in ProShares Ultra Semiconductors during the 4th quarter worth $3,274,000. Deutsche Bank AG acquired a new position in ProShares Ultra Semiconductors during the 3rd quarter worth $646,000. Simplex Trading LLC grew its holdings in ProShares Ultra Semiconductors by 16.9% during the 4th quarter. Simplex Trading LLC now owns 11,645 shares of the company’s stock worth $633,000 after acquiring an additional 1,686 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 4th quarter valued at about $278,000. Finally, US Asset Management LLC acquired a new position in shares of ProShares Ultra Semiconductors in the 4th quarter valued at about $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.