ProShares Ultra Semiconductors (NYSEARCA:USD) Stock Price Down 2.3%

Shares of ProShares Ultra Semiconductors (NYSEARCA:USD) fell 2.3% on Friday . The company traded as low as $41.99 and last traded at $42.68, 2,467 shares changed hands during trading. A decline of 93% from the average session volume of 34,186 shares. The stock had previously closed at $43.70.

The stock’s 50-day moving average is $42.52.

An institutional investor recently raised its position in ProShares Ultra Semiconductors stock. Jane Street Group LLC lifted its position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,275 shares of the company’s stock after purchasing an additional 1,723 shares during the period. Jane Street Group LLC owned about 0.74% of ProShares Ultra Semiconductors worth $275,000 as of its most recent SEC filing.

ProShares Ultra Semiconductors Company Profile (NYSEARCA:USD)

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.

Featured Article: Initial Public Offering (IPO)

Receive News & Ratings for ProShares Ultra Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.