Flow Traders U.S. LLC Raises Position in ProShares Ultra QQQ $QLD

Flow Traders U.S. LLC grew its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 354.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,942 shares of the company’s stock after purchasing an additional 16,338 shares during the quarter. Flow Traders U.S. LLC’s holdings in ProShares Ultra QQQ were worth $2,873,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Global View Capital Management LLC raised its position in ProShares Ultra QQQ by 2.1% in the 3rd quarter. Global View Capital Management LLC now owns 833,798 shares of the company’s stock valued at $114,397,000 after buying an additional 17,386 shares during the last quarter. Main Street Group LTD boosted its holdings in ProShares Ultra QQQ by 2.3% during the 3rd quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock worth $75,091,000 after acquiring an additional 12,223 shares during the last quarter. Quadrature Capital Ltd purchased a new position in ProShares Ultra QQQ during the 2nd quarter worth $39,925,000. CWM LLC bought a new stake in shares of ProShares Ultra QQQ in the 3rd quarter worth $17,098,000. Finally, Dale Q Rice Investment Management Ltd grew its stake in shares of ProShares Ultra QQQ by 5.8% in the 3rd quarter. Dale Q Rice Investment Management Ltd now owns 123,218 shares of the company’s stock worth $17,466,000 after acquiring an additional 6,802 shares in the last quarter.

ProShares Ultra QQQ Price Performance

QLD opened at $66.19 on Tuesday. The company’s 50-day moving average is $69.54 and its 200 day moving average is $69.56. ProShares Ultra QQQ has a fifty-two week low of $32.36 and a fifty-two week high of $76.67. The firm has a market capitalization of $9.85 billion, a P/E ratio of 31.03 and a beta of 2.31.

ProShares Ultra QQQ 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.