Morse Asset Management Inc Reduces Holdings in ProShares Ultra Semiconductors (NYSEARCA:USD)

Morse Asset Management Inc lessened its holdings in ProShares Ultra Semiconductors (NYSEARCA:USD) by 25.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after selling 700 shares during the period. Morse Asset Management Inc’s holdings in ProShares Ultra Semiconductors were worth $278,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in ProShares Ultra Semiconductors during the 4th quarter worth about $3,274,000. Clarity Capital Partners LLC acquired a new position in shares of ProShares Ultra Semiconductors in the fourth quarter valued at approximately $4,089,000. Evanson Asset Management LLC acquired a new stake in ProShares Ultra Semiconductors during the first quarter worth approximately $767,000. Iron Horse Wealth Management LLC acquired a new stake in ProShares Ultra Semiconductors during the first quarter worth approximately $29,000. Finally, Hamilton Wealth LLC purchased a new stake in ProShares Ultra Semiconductors in the 1st quarter worth approximately $4,399,000.

ProShares Ultra Semiconductors Trading Up 0.7 %

Shares of USD opened at $112.50 on Tuesday. ProShares Ultra Semiconductors has a fifty-two week low of $32.13 and a fifty-two week high of $170.13. The stock has a fifty day moving average of $113.58 and a two-hundred day moving average of $113.29.

ProShares Ultra Semiconductors 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.