Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) saw strong trading volume on Monday . 9,174,550 shares traded hands during trading, an increase of 154% from the previous session’s volume of 3,616,424 shares.The stock last traded at $95.20 and had previously closed at $93.19.
ProShares Ultra QQQ Trading Up 0.8 %
The company has a market capitalization of $5.95 billion, a P/E ratio of 28.84 and a beta of 2.28. The stock’s fifty day moving average is $108.07 and its 200 day moving average is $105.81.
Hedge Funds Weigh In On ProShares Ultra QQQ
Hedge funds and other institutional investors have recently modified their holdings of the company. Global View Capital Management LLC bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter worth about $69,158,000. Dale Q Rice Investment Management Ltd bought a new position in ProShares Ultra QQQ during the 4th quarter valued at approximately $24,535,000. Aveo Capital Partners LLC lifted its holdings in ProShares Ultra QQQ by 5,229.3% in the 4th quarter. Aveo Capital Partners LLC now owns 143,197 shares of the company’s stock worth $15,500,000 after buying an additional 140,510 shares during the period. Ridgepath Capital Management LLC bought a new stake in shares of ProShares Ultra QQQ in the 4th quarter worth approximately $10,787,000. Finally, Jump Financial LLC purchased a new position in shares of ProShares Ultra QQQ during the fourth quarter valued at approximately $10,297,000.
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.
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