ProShares Ultra QQQ (NYSEARCA:QLD) Sees Unusually-High Trading Volume – Here’s Why

ProShares Ultra QQQ (NYSEARCA:QLD) shares saw unusually-strong trading volume on Friday . Approximately 3,962,757 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 2,968,240 shares.The stock last traded at $105.80 and had previously closed at $109.73.

ProShares Ultra QQQ Stock Performance

The stock’s fifty day moving average is $110.20 and its two-hundred day moving average is $102.01. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group grew its position in ProShares Ultra QQQ by 36.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after buying an additional 306 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in shares of ProShares Ultra QQQ during the third quarter worth $207,000. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares Ultra QQQ during the second quarter valued at $217,000. Headlands Technologies LLC lifted its holdings in shares of ProShares Ultra QQQ by 200.9% during the second quarter. Headlands Technologies LLC now owns 2,227 shares of the company’s stock valued at $222,000 after purchasing an additional 1,487 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its position in shares of ProShares Ultra QQQ by 131.2% in the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock valued at $231,000 after purchasing an additional 1,312 shares during the period.

ProShares Ultra QQQ Company 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.