ProShares Ultra QQQ (NYSEARCA:QLD) Hits New 1-Year High at $91.06

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) hit a new 52-week high on Tuesday . The stock traded as high as $91.06 and last traded at $90.97, with a volume of 1385124 shares traded. The stock had previously closed at $90.66.

ProShares Ultra QQQ Stock Performance

The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The company has a 50 day moving average price of $84.93 and a two-hundred day moving average price of $79.47.

Institutional Trading of ProShares Ultra QQQ

Several large investors have recently made changes to their positions in the company. Clearstead Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ during the third quarter worth approximately $21,653,000. Focus Financial Network Inc. ADV purchased a new position in shares of ProShares Ultra QQQ during the 4th quarter worth $22,664,000. Pathstone Family Office LLC purchased a new position in shares of ProShares Ultra QQQ during the 3rd quarter worth $17,182,000. Flow Traders U.S. LLC grew its holdings in shares of ProShares Ultra QQQ by 6,662.8% during the 1st quarter. Flow Traders U.S. LLC now owns 179,416 shares of the company’s stock worth $15,695,000 after purchasing an additional 176,763 shares during the period. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Ultra QQQ during the 4th quarter worth $12,094,000.

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.