Parallel Advisors LLC Sells 464 Shares of ProShares Ultra Semiconductors (NYSEARCA:USD)

Parallel Advisors LLC lessened its stake in ProShares Ultra Semiconductors (NYSEARCA:USD) by 33.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 913 shares of the company’s stock after selling 464 shares during the quarter. Parallel Advisors LLC’s holdings in ProShares Ultra Semiconductors were worth $37,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of USD. Integrated Wealth Concepts LLC raised its stake in shares of ProShares Ultra Semiconductors by 100.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 376,652 shares of the company’s stock valued at $24,535,000 after buying an additional 188,326 shares during the period. Tower Research Capital LLC TRC raised its stake in ProShares Ultra Semiconductors by 552.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 45,552 shares of the company’s stock valued at $2,967,000 after acquiring an additional 38,574 shares during the period. US Asset Management LLC bought a new stake in ProShares Ultra Semiconductors in the 4th quarter valued at about $1,251,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares Ultra Semiconductors in the fourth quarter valued at approximately $1,175,000. Finally, Retirement Planning Co of New England Inc. raised its position in shares of ProShares Ultra Semiconductors by 95.8% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 35,788 shares of the company’s stock valued at $2,331,000 after purchasing an additional 17,512 shares during the period.

ProShares Ultra Semiconductors Price Performance

Shares of USD stock opened at $61.23 on Tuesday. The company’s fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $54.61. ProShares Ultra Semiconductors has a 1 year low of $25.13 and a 1 year high of $85.07. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 40.05 and a beta of 3.09.

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.