USD Stock Summary and Trading Ideas (ProShares Ultra Semiconductors | ARCA:USD)

ProShares Ultra Semiconductors seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductors Index.

ProShares Ultra Semiconductors trades on the ARCA stock market under the symbol USD.

As of October 4, 2024, USD stock price climbed to $124.07 with 323,237 million shares trading.

USD has a beta of 5.30, meaning it tends to be more sensitive to market movements. USD has a correlation of 0.70 to the broad based SPY ETF.

USD has a market cap of $1.19 billion. This is considered a Small Cap stock.

In the last 3 years, USD traded as high as $170.13 and as low as $11.65.

USD has outperformed the market in the last year with a price return of +221.2% while the SPY ETF gained +36.6%. However, in the short term, USD had mixed performance relative to the market. It has underperformed in the last 3 months, returning -17.0% vs +4.2% return in SPY. But in the last 2 weeks, USD shares have fared better than the market returning +11.0% compared to SPY +0.8%.

USD support price is $113.86 and resistance is $125.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USD shares will trade within this expected range on the day.