Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $83.17 and traded as low as $80.82. ProShares Ultra QQQ shares last traded at $82.59, with a volume of 8,076,818 shares traded.
ProShares Ultra QQQ Price Performance
The firm’s 50 day moving average is $91.91 and its 200 day moving average is $83.17. The company has a market capitalization of $13.67 billion, a PE ratio of 31.03 and a beta of 2.46.
Institutional Investors Weigh In On ProShares Ultra QQQ
A number of large investors have recently modified their holdings of QLD. Turner Capital Investments LLC bought a new stake in shares of ProShares Ultra QQQ during the 3rd quarter worth $44,161,000. Toth Financial Advisory Corp bought a new position in shares of ProShares Ultra QQQ in the third quarter valued at approximately $22,280,000. CPR Investments Inc. grew its holdings in shares of ProShares Ultra QQQ by 1,268.1% during the 3rd quarter. CPR Investments Inc. now owns 99,377 shares of the company’s stock worth $9,535,000 after acquiring an additional 92,113 shares during the period. Legacy Wealth Partners LLC lifted its position in ProShares Ultra QQQ by 727.2% during the third quarter. Legacy Wealth Partners LLC now owns 51,512 shares of the company’s stock valued at $4,927,000 after purchasing an additional 45,285 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in ProShares Ultra QQQ during the 3rd quarter valued at $3,555,000.
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. The Index is calculated under a modified capitalization-weighted methodology.
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