Shares of ProShares Ultra Semiconductors (NYSEARCA:USD – Free Report) are set to split on the morning of Wednesday, November 6th. The 2-1 split was announced on Monday, October 28th. The newly minted shares will be distributed to shareholders after the closing bell on Tuesday, November 5th.
ProShares Ultra Semiconductors Stock Performance
Shares of NYSEARCA:USD traded up $4.51 during trading on Tuesday, hitting $141.81. 343,121 shares of the company’s stock were exchanged, compared to its average volume of 483,129. The business’s 50-day simple moving average is $121.10 and its 200 day simple moving average is $119.05. ProShares Ultra Semiconductors has a 52-week low of $32.13 and a 52-week high of $170.13.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC bought a new position in ProShares Ultra Semiconductors in the 3rd quarter valued at $120,000. Scientech Research LLC bought a new position in shares of ProShares Ultra Semiconductors in the second quarter worth about $220,000. First National Trust Co purchased a new position in ProShares Ultra Semiconductors in the 2nd quarter worth about $223,000. Pure Financial Advisors LLC bought a new stake in ProShares Ultra Semiconductors during the 2nd quarter valued at about $239,000. Finally, Morse Asset Management Inc purchased a new stake in ProShares Ultra Semiconductors in the 1st quarter valued at about $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.
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