ProShares Ultra QQQ (NYSEARCA:QLD) Stock Price Down 0.4% – What’s Next?

ProShares Ultra QQQ (NYSEARCA:QLD)’s share price fell 0.4% during mid-day trading on Thursday . The stock traded as low as $105.90 and last traded at $107.76. 4,106,248 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 3,134,990 shares. The stock had previously closed at $108.24.

ProShares Ultra QQQ Trading Down 0.4 %

The company’s fifty day simple moving average is $109.38 and its 200-day simple moving average is $101.70. The stock has a market cap of $7.37 billion, a P/E ratio of 25.00 and a beta of 2.55.

Institutional Investors Weigh In On ProShares Ultra QQQ

A number of institutional investors have recently added to or reduced their stakes in QLD. Commonwealth Equity Services LLC bought a new position in shares of ProShares Ultra QQQ during the second quarter valued at $217,000. Farther Finance Advisors LLC acquired a new position in ProShares Ultra QQQ in the second quarter valued at about $498,000. Aveo Capital Partners LLC boosted its position in ProShares Ultra QQQ by 200.2% in the second quarter. Aveo Capital Partners LLC now owns 255,288 shares of the company’s stock valued at $25,480,000 after buying an additional 170,254 shares in the last quarter. Howard Capital Management Inc. grew its stake in ProShares Ultra QQQ by 0.7% during the second quarter. Howard Capital Management Inc. now owns 82,571 shares of the company’s stock worth $8,252,000 after buying an additional 596 shares during the last quarter. Finally, XR Securities LLC increased its holdings in shares of ProShares Ultra QQQ by 129.3% during the second quarter. XR Securities LLC now owns 7,189 shares of the company’s stock worth $718,000 after buying an additional 4,054 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.