ProShares Ultra Semiconductors (NYSEARCA:USD) Shares Gap Up to $105.70

ProShares Ultra Semiconductors (NYSEARCA:USD) gapped up before the market opened on Thursday . The stock had previously closed at $105.70, but opened at $113.20. ProShares Ultra Semiconductors shares last traded at $114.48, with a volume of 284,240 shares trading hands.

ProShares Ultra Semiconductors Trading Down 2.1 %

The company’s fifty day moving average price is $114.37 and its two-hundred day moving average price is $113.06.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Hedge funds have recently made changes to their positions in the stock. Iron Horse Wealth Management LLC purchased a new position in ProShares Ultra Semiconductors in the first quarter valued at about $29,000. Scientech Research LLC acquired a new stake in ProShares Ultra Semiconductors in the second quarter valued at approximately $220,000. First National Trust Co purchased a new stake in shares of ProShares Ultra Semiconductors during the second quarter valued at approximately $223,000. Pure Financial Advisors LLC acquired a new position in shares of ProShares Ultra Semiconductors during the second quarter worth $239,000. Finally, Morse Asset Management Inc purchased a new position in shares of ProShares Ultra Semiconductors in the first quarter valued at $268,000.

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.