ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report)’s stock price traded down 0.4% during trading on Thursday . The company traded as low as $105.90 and last traded at $107.76. 4,106,248 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 3,134,990 shares. The stock had previously closed at $108.24.
ProShares Ultra QQQ Price Performance
The company has a fifty day moving average of $109.54 and a two-hundred day moving average of $101.76. The stock has a market capitalization of $7.61 billion, a P/E ratio of 25.00 and a beta of 2.55.
Hedge Funds Weigh In On ProShares Ultra QQQ
Large investors have recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group lifted its holdings in ProShares Ultra QQQ by 36.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after acquiring an additional 306 shares during the last quarter. Tradition Wealth Management LLC acquired a new position in ProShares Ultra QQQ during the 3rd quarter valued at approximately $207,000. Commonwealth Equity Services LLC bought a new position in ProShares Ultra QQQ during the 2nd quarter worth $217,000. Headlands Technologies LLC increased its position in ProShares Ultra QQQ by 200.9% in the second quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock worth $222,000 after buying an additional 1,487 shares during the period. Finally, Anchor Investment Management LLC boosted its holdings in shares of ProShares Ultra QQQ by 131.2% during the second quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock valued at $231,000 after acquiring an additional 1,312 shares during the period.
About ProShares Ultra QQQ
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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