ProShares Ultra QQQ (NYSEARCA:QLD) Hits New 1-Year High – Here’s What Happened

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) reached a new 52-week high during trading on Tuesday . The company traded as high as $95.48 and last traded at $95.18, with a volume of 1146871 shares. The stock had previously closed at $93.10.

ProShares Ultra QQQ Stock Up 2.8%

The stock has a market cap of $14.18 billion, a PE ratio of 31.03 and a beta of 2.43. The business’s fifty day moving average is $75.40 and its 200 day moving average is $72.06.

Institutional Trading of ProShares Ultra QQQ

Several institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC lifted its holdings in shares of ProShares Ultra QQQ by 118.2% in the first quarter. Lido Advisors LLC now owns 16,586 shares of the company’s stock valued at $1,012,000 after purchasing an additional 8,985 shares in the last quarter. Clearwater Capital Advisors LLC purchased a new stake in shares of ProShares Ultra QQQ in the first quarter valued at about $314,000. Dale Q Rice Investment Management Ltd lifted its holdings in shares of ProShares Ultra QQQ by 3.5% in the first quarter. Dale Q Rice Investment Management Ltd now owns 247,938 shares of the company’s stock valued at $15,124,000 after purchasing an additional 8,484 shares in the last quarter. Balefire LLC lifted its holdings in shares of ProShares Ultra QQQ by 20.0% in the first quarter. Balefire LLC now owns 6,476 shares of the company’s stock valued at $395,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Clearstead Trust LLC lifted its holdings in shares of ProShares Ultra QQQ by 0.3% in the first quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after purchasing an additional 2,302 shares in the last quarter.

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. The Index is calculated under a modified capitalization-weighted methodology.