Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 9,689,681 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 4,284,017 shares.The stock last traded at $116.60 and had previously closed at $113.40.
ProShares Ultra QQQ Stock Down 1.2 %
The firm’s 50 day simple moving average is $111.26 and its 200 day simple moving average is $102.67. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55.
Institutional Trading of ProShares Ultra QQQ
Large investors have recently added to or reduced their stakes in the business. Financial Life Planners bought a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at approximately $51,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of 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 valued at $114,000 after buying an additional 306 shares during the period. Tradition Wealth Management LLC bought a new position in ProShares Ultra QQQ during the third quarter valued at about $207,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in ProShares Ultra QQQ during the fourth quarter worth about $214,000. Finally, Commonwealth Equity Services LLC acquired a new position in ProShares Ultra QQQ during the second quarter worth about $217,000.
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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