ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report)’s share price were down 0.6% during trading on Wednesday . The company traded as low as $89.41 and last traded at $89.98. Approximately 2,608,810 shares were traded during trading, a decline of 48% from the average daily volume of 5,011,646 shares. The stock had previously closed at $90.53.
ProShares Ultra QQQ Price Performance
The firm has a 50-day simple moving average of $89.26 and a 200-day simple moving average of $83.17. The firm has a market capitalization of $13.72 billion, a PE ratio of 31.03 and a beta of 2.46.
Hedge Funds Weigh In On ProShares Ultra QQQ
A number of institutional investors and hedge funds have recently made changes to their positions in QLD. Financial Engines Advisors L.L.C. grew its position in ProShares Ultra QQQ by 0.7% during the third quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock valued at $2,266,000 after buying an additional 122 shares during the period. Koshinski Asset Management Inc. raised its position in ProShares Ultra QQQ by 1.8% in the first quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock worth $636,000 after acquiring an additional 180 shares during the period. Brookstone Capital Management raised its position in ProShares Ultra QQQ by 2.7% in the first quarter. Brookstone Capital Management now owns 11,774 shares of the company’s stock worth $718,000 after acquiring an additional 308 shares during the period. Creative Planning boosted its stake in shares of ProShares Ultra QQQ by 1.1% during the 3rd quarter. Creative Planning now owns 33,298 shares of the company’s stock worth $4,568,000 after acquiring an additional 364 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in shares of ProShares Ultra QQQ by 3.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock worth $1,490,000 after acquiring an additional 375 shares during the last quarter.
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. The Index is calculated under a modified capitalization-weighted methodology.
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