Group One Trading LLC Trims Stock Position in ProShares Ultra QQQ $QLD

Group One Trading LLC decreased its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 57.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,343 shares of the company’s stock after selling 27,615 shares during the period. Group One Trading LLC’s holdings in ProShares Ultra QQQ were worth $2,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of QLD. Norden Group LLC grew its position in ProShares Ultra QQQ by 2.5% during the 3rd quarter. Norden Group LLC now owns 3,080 shares of the company’s stock worth $423,000 after purchasing an additional 74 shares during the last quarter. Safe Harbor Fiduciary LLC raised its holdings in shares of ProShares Ultra QQQ by 3.5% in the second quarter. Safe Harbor Fiduciary LLC now owns 2,481 shares of the company’s stock valued at $292,000 after buying an additional 83 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of ProShares Ultra QQQ by 0.7% during the third quarter. Sowell Financial Services LLC now owns 23,861 shares of the company’s stock worth $3,274,000 after buying an additional 159 shares during the period. Capital Advisory Group Advisory Services LLC grew its holdings in shares of ProShares Ultra QQQ by 2.6% during the third quarter. Capital Advisory Group Advisory Services LLC now owns 7,285 shares of the company’s stock worth $1,000,000 after buying an additional 185 shares during the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in shares of ProShares Ultra QQQ during the second quarter worth about $27,000.

ProShares Ultra QQQ Stock Down 3.0%

Shares of QLD stock opened at $66.19 on Friday. The stock’s 50-day moving average price is $70.05 and its 200 day moving average price is $69.32. The stock has a market capitalization of $9.85 billion, a PE ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 52-week low of $32.36 and a 52-week high of $76.67.

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