ProShares Ultra Semiconductors (NYSEARCA:USD) Sees Unusually-High Trading Volume – Here’s What Happened

On January 5th, 2025, ProShares Ultra Semiconductors (NYSEARCA:USD) experienced significant trading activity. During mid-day trading, approximately 430,289 shares of the ETF were exchanged. This marked a 17% drop from the previous session's volume, which stood at 516,799 shares. The stock's latest price was $70.56, reflecting an increase from its prior closing price of $67.56.

ProShares Ultra Semiconductors Stock Performance

Currently, ProShares Ultra Semiconductors has a fifty-day simple moving average of $68.15 and a two-hundred-day simple moving average of $64.52, indicating the trend and general performance of the stock over time.

Hedge Funds Weigh In On ProShares Ultra Semiconductors

Recently, several hedge funds and institutional investors have made moves regarding their stakes in ProShares Ultra Semiconductors. For instance, Bogart Wealth LLC acquired a new stake worth approximately $120,000 during the third quarter. Similarly, Scientech Research LLC purchased shares valued close to $220,000 in the second quarter. Plotkin Financial Advisors LLC also entered the market, acquiring a stake approximated at $226,000 in the third quarter. IMC Chicago LLC increased its position by 120% in the same period, obtaining a total of 30,468 shares valued at around $3,653,000 after purchasing an additional 16,620 shares last quarter. Additionally, Client First Investment Management LLC notably increased its stake by 750.4% during the second quarter, now owning 31,091 shares valued at about $4,325,000 following an additional purchase of 27,435 shares.

ProShares Ultra Semiconductors Company Profile

ProShares Ultra Semiconductors aims to achieve daily investment results that are double (200%) the daily performance of the Dow Jones U.S. Semiconductor Index. The fund is committed to investing at least 80% of its net assets in equity securities that constitute the Index and/or financial instruments that mirror similar economic characteristics.

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