ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) saw unusually-high trading volume on Monday . Approximately 8,756,213 shares changed hands during mid-day trading, an increase of 137% from the previous session’s volume of 3,693,067 shares.The stock last traded at $82.16 and had previously closed at $84.95.
ProShares Ultra QQQ Stock Performance
The stock has a market cap of $5.67 billion, a PE ratio of 25.00 and a beta of 2.55. The business has a 50-day moving average of $85.58 and a 200 day moving average of $75.18.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of QLD. AlphaMark Advisors LLC raised its stake in ProShares Ultra QQQ by 91.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock valued at $29,000 after acquiring an additional 233 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in ProShares Ultra QQQ in the 1st quarter worth approximately $39,000. Spire Wealth Management grew its position in ProShares Ultra QQQ by 32.5% during the 3rd quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after purchasing an additional 268 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in ProShares Ultra QQQ during the 1st quarter valued at $105,000. Finally, JPMorgan Chase & Co. acquired a new stake in ProShares Ultra QQQ during the 2nd quarter valued at $123,000.
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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