Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $111.33 and last traded at $111.27, with a volume of 1587686 shares. The stock had previously closed at $110.57.
ProShares Ultra QQQ Price Performance
The stock has a market capitalization of $7.61 billion, a PE ratio of 25.00 and a beta of 2.55. The firm’s 50 day simple moving average is $103.66 and its 200 day simple moving average is $98.44.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in QLD. Aveo Capital Partners LLC increased its stake in shares of ProShares Ultra QQQ by 200.2% in the second quarter. Aveo Capital Partners LLC now owns 255,288 shares of the company’s stock worth $25,480,000 after buying an additional 170,254 shares during the period. IMC Chicago LLC purchased a new position in shares of ProShares Ultra QQQ in the third quarter worth $14,490,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares Ultra QQQ in the third quarter worth $10,032,000. First National Corp MA ADV increased its stake in shares of ProShares Ultra QQQ by 1,039.1% in 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. Finally, Client First Investment Management LLC purchased a new position in shares of ProShares Ultra QQQ in the second quarter worth $4,888,000.
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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