Procyon Advisors LLC Invests $824,000 in ProShares Ultra QQQ $QLD

Procyon Advisors LLC purchased a new position in shares of ProShares Ultra QQQ (NYSEARCA:QLD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,500 shares of the company’s stock, valued at approximately $824,000.

Other hedge funds have also added to or reduced their stakes in the company. Portus Wealth Advisors LLC acquired a new position in ProShares Ultra QQQ during the first quarter valued at approximately $26,000. Qube Research & Technologies Ltd acquired a new stake in shares of ProShares Ultra QQQ in the 3rd quarter valued at $71,000. Farmers & Merchants Investments Inc. increased its stake in shares of ProShares Ultra QQQ by 100.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares during the last quarter. Monetary Solutions Ltd bought a new position in shares of ProShares Ultra QQQ in the 4th quarter valued at $59,000. Finally, Parallel Advisors LLC increased its stake in shares of ProShares Ultra QQQ by 100.2% in the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after purchasing an additional 462 shares during the last quarter.

ProShares Ultra QQQ Stock Performance

ProShares Ultra QQQ stock opened at $92.13 on Wednesday. ProShares Ultra QQQ has a 52 week low of $56.60 and a 52 week high of $101.19. The stock has a market capitalization of $13.91 billion, a P/E ratio of 31.03 and a beta of 2.45. The stock has a fifty day moving average of $93.23 and a 200-day moving average of $77.97.

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.