ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) were down 0.4% on Thursday . The stock traded as low as $105.90 and last traded at $107.76. Approximately 4,106,248 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 3,134,990 shares. The stock had previously closed at $108.24.
ProShares Ultra QQQ Stock Up 3.3 %
The firm has a market cap of $7.61 billion, a PE ratio of 25.00 and a beta of 2.55. The business has a 50-day moving average price of $109.54 and a two-hundred day moving average price of $101.76.
Hedge Funds Weigh In On ProShares Ultra QQQ
Institutional investors and hedge funds have recently modified their holdings of the company. IMC Chicago LLC purchased a new position in shares of ProShares Ultra QQQ during the third quarter worth about $14,490,000. Axxcess Wealth Management LLC purchased a new position in ProShares Ultra QQQ during the 3rd quarter worth approximately $10,032,000. First National Corp MA ADV increased its position in ProShares Ultra QQQ by 1,039.1% during the third quarter. First National Corp MA ADV now owns 87,014 shares of the company’s stock worth $8,762,000 after buying an additional 79,375 shares during the period. Client First Investment Management LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth approximately $4,888,000. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of ProShares Ultra QQQ in the third quarter valued at approximately $3,538,000.
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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