ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 3,962,757 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 2,968,240 shares.The stock last traded at $105.80 and had previously closed at $109.73.
ProShares Ultra QQQ Stock Performance
The company’s fifty day moving average is $110.34 and its two-hundred day moving average is $102.09. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group raised its stake in shares of ProShares Ultra QQQ by 36.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after buying an additional 306 shares during the last quarter. Tradition Wealth Management LLC purchased a new position in ProShares Ultra QQQ during the third quarter valued at approximately $207,000. Commonwealth Equity Services LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at approximately $217,000. Headlands Technologies LLC boosted its position in ProShares Ultra QQQ by 200.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock worth $222,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Anchor Investment Management LLC grew its stake in shares of ProShares Ultra QQQ by 131.2% during the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock worth $231,000 after purchasing an additional 1,312 shares during the period.
ProShares Ultra QQQ Company Profile
ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.
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