ProShares Ultra QQQ (NYSEARCA:QLD) Short Interest Update

ProShares Ultra QQQ (NYSEARCA:QLD) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,754,906 shares, an increase of 90.0% from the July 15th total of 923,499 shares. Based on an average daily trading volume, of 4,920,926 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Trading of ProShares Ultra QQQ

Institutional investors have recently bought and sold shares of the stock. Main Street Group LTD grew its position in ProShares Ultra QQQ by 89.9% in the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after acquiring an additional 491,865 shares during the period. Clearstead Trust LLC boosted its stake in shares of ProShares Ultra QQQ by 102.4% in the 4th quarter. Clearstead Trust LLC now owns 731,539 shares of the company’s stock valued at $51,508,000 after purchasing an additional 370,086 shares in the last quarter. Global View Capital Management LLC boosted its stake in shares of ProShares Ultra QQQ by 45.2% in the 2nd quarter. Global View Capital Management LLC now owns 816,412 shares of the company’s stock valued at $96,100,000 after purchasing an additional 254,025 shares in the last quarter. Dale Q Rice Investment Management Ltd grew its holdings in shares of ProShares Ultra QQQ by 94.3% in the 4th quarter. Dale Q Rice Investment Management Ltd now owns 239,454 shares of the company’s stock worth $16,850,000 after purchasing an additional 116,236 shares during the last quarter. Finally, Discipline Wealth Solutions LLC grew its holdings in shares of ProShares Ultra QQQ by 316.3% in the 1st quarter. Discipline Wealth Solutions LLC now owns 122,373 shares of the company’s stock worth $7,465,000 after purchasing an additional 92,975 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD traded down $0.28 during mid-day trading on Friday, hitting $94.15. The company had a trading volume of 2,783,786 shares, compared to its average volume of 5,184,243. The business’s 50-day simple moving average is $90.54 and its 200-day simple moving average is $80.52. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.19. The firm has a market cap of $14.36 billion, a P/E ratio of 31.03 and a beta of 2.46.

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.