ProShares Ultra Semiconductors (USD) is Trading Lower on Unusual Volume for January 01

Equities Staff |

ProShares Ultra Semiconductors (USD) experienced unusually high volume on Jan. 01, as the stock lost 2.38% to a closing price of $86.62. The stock saw 131,631 shares trade hands over the course of the day on 49 trades. Given that the stock’s average daily volume over the last month has been 13,262 shares a day, this represents a pretty substantial spike over the norm.

ProShares Ultra Semiconductors has a P/B ratio of n/a. The stock has traded between $104.99 and $52.00 over the last 52-weeks, its 50-day SMA is now $86.13, and its 200-day SMA $83.16.

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. SemiconductorsSM Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. Component companies are engaged in the production of semiconductors and other integrated chips, as well as other related products such as semi-conductor capital equipment and mother-boards. The fund is non-diversified.

Headquartered in Bethesda, MD, ProShares Ultra Semiconductors has 0 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of ProShares Ultra Semiconductors, check out Equities.com’s Stock Valuation Analysis report for USD. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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