4,300 Shares in ProShares Ultra Semiconductors (NYSEARCA:USD) Purchased by Merit Financial Group LLC

Merit Financial Group LLC bought a new stake in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,300 shares of the company’s stock, valued at approximately $280,000. Merit Financial Group LLC owned 0.05% of ProShares Ultra Semiconductors as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Bogart Wealth LLC bought a new position in ProShares Ultra Semiconductors in the third quarter worth approximately $120,000. Scientech Research LLC bought a new position in ProShares Ultra Semiconductors in the 2nd quarter worth $220,000. Plotkin Financial Advisors LLC purchased a new position in ProShares Ultra Semiconductors during the third quarter valued at $226,000. IMC Chicago LLC grew its holdings in ProShares Ultra Semiconductors by 120.0% during the third quarter. IMC Chicago LLC now owns 30,468 shares of the company’s stock valued at $3,653,000 after purchasing an additional 16,620 shares during the period. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in ProShares Ultra Semiconductors in the fourth quarter worth about $28,445,000.

ProShares Ultra Semiconductors Stock Down 27.5 %

Shares of ProShares Ultra Semiconductors stock opened at $52.81 on Tuesday. ProShares Ultra Semiconductors has a fifty-two week low of $31.27 and a fifty-two week high of $85.07. The company has a fifty day moving average of $67.05 and a 200 day moving average of $63.91.

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.