Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) are going to split on the morning of Thursday, November 20th. The 2-1 split was announced on Tuesday, November 4th. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 19th.
ProShares Ultra QQQ Stock Performance
Shares of ProShares Ultra QQQ stock opened at $139.39 on Friday. ProShares Ultra QQQ has a 52-week low of $64.72 and a 52-week high of $153.33. The stock has a market capitalization of $10.29 billion, a PE ratio of 31.03 and a beta of 2.31. The company has a 50-day simple moving average of $139.27 and a two-hundred day simple moving average of $123.02.
Institutional Investors Weigh In On ProShares Ultra QQQ
Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in ProShares Ultra QQQ by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 18,693 shares of the company’s stock worth $1,661,000 after buying an additional 1,854 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of ProShares Ultra QQQ by 1.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 47,100 shares of the company’s stock valued at $4,186,000 after acquiring an additional 600 shares during the period. Norden Group LLC raised its stake in shares of ProShares Ultra QQQ by 32.7% in the second quarter. Norden Group LLC now owns 3,006 shares of the company’s stock valued at $354,000 after acquiring an additional 741 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ProShares Ultra QQQ in the 2nd quarter worth about $369,000. Finally, Accurate Wealth Management LLC purchased a new position in shares of ProShares Ultra QQQ during the 2nd quarter worth about $260,000.
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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