Avaii Wealth Management LLC Buys 12,432 Shares of ProShares Ultra Semiconductors $USD

Avaii Wealth Management LLC raised its position in shares of ProShares Ultra Semiconductors (NYSEARCA:USD) by 100.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,864 shares of the company’s stock after purchasing an additional 12,432 shares during the quarter. Avaii Wealth Management LLC owned approximately 0.08% of ProShares Ultra Semiconductors worth $1,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC bought a new stake in shares of ProShares Ultra Semiconductors in the 3rd quarter valued at $8,973,000. Quadrature Capital Ltd bought a new position in ProShares Ultra Semiconductors during the second quarter worth $17,117,000. Dale Q Rice Investment Management Ltd lifted its holdings in ProShares Ultra Semiconductors by 3.9% in the third quarter. Dale Q Rice Investment Management Ltd now owns 230,848 shares of the company’s stock valued at $25,172,000 after buying an additional 8,568 shares during the period. IMC Chicago LLC lifted its holdings in ProShares Ultra Semiconductors by 30.1% in the third quarter. IMC Chicago LLC now owns 52,707 shares of the company’s stock valued at $5,219,000 after buying an additional 12,209 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in ProShares Ultra Semiconductors by 325.0% during the third quarter. JPMorgan Chase & Co. now owns 17,844 shares of the company’s stock valued at $1,767,000 after acquiring an additional 13,645 shares during the last quarter.

ProShares Ultra Semiconductors Trading Down 9.0%

Shares of ProShares Ultra Semiconductors stock opened at $47.48 on Friday. The business has a 50-day moving average price of $55.00 and a two-hundred day moving average price of $53.18. ProShares Ultra Semiconductors has a 1-year low of $12.56 and a 1-year high of $64.89. The company has a market cap of $1.50 billion, a P/E ratio of 40.05 and a beta of 3.25.

ProShares Ultra Semiconductors Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.0587 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.23 annualized dividend and a dividend yield of 0.5%.

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. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.