ProShares Ultra QQQ (NYSEARCA:QLD) Stock Short Interest Report for October

ProShares Ultra QQQ (NYSEARCA:QLD) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,871,029 shares, a growth of 100.7% from the September 30th total of 932,156 shares. Based on an average daily trading volume, of 3,913,050 shares, the short-interest ratio is presently 0.5 days. Currently, 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Ultra QQQ

Several large investors have recently added to or reduced their stakes in the business. Turner Capital Investments LLC acquired a new position in ProShares Ultra QQQ during the 3rd quarter valued at about $44,161,000. Toth Financial Advisory Corp bought a new stake in ProShares Ultra QQQ during the 3rd quarter worth approximately $22,280,000. CPR Investments Inc. increased its holdings in ProShares Ultra QQQ by 1,268.1% during the 3rd quarter. CPR Investments Inc. now owns 99,377 shares of the company’s stock worth $9,535,000 after purchasing an additional 92,113 shares in the last quarter. Legacy Wealth Partners LLC increased its holdings in ProShares Ultra QQQ by 727.2% during the 3rd quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock worth $4,927,000 after purchasing an additional 45,285 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of ProShares Ultra QQQ in the third quarter worth approximately $3,555,000.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD traded down $6.15 during mid-day trading on Friday, reaching $82.59. 8,076,818 shares of the company’s stock traded hands, compared to its average volume of 4,865,388. The stock has a market cap of $13.38 billion, a P/E ratio of 31.03 and a beta of 2.46. The business has a 50-day simple moving average of $91.91 and a 200 day simple moving average of $83.17. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.62.

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. The Index is calculated under a modified capitalization-weighted methodology.