ProShares Ultra QQQ (NYSEARCA:QLD) Hits New 1-Year High at $89.82

Shares of ProShares Ultra QQQ (NYSEARCA:QLDGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $89.82 and last traded at $89.80, with a volume of 2220248 shares changing hands. The stock had previously closed at $87.22.

ProShares Ultra QQQ Stock Up 3.1 %

The business has a 50-day moving average price of $84.48 and a 200-day moving average price of $78.28. The firm has a market capitalization of $6.15 billion, a PE ratio of 25.00 and a beta of 2.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QLD. AlphaMark Advisors LLC grew its position in ProShares Ultra QQQ by 91.0% in the third quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock worth $29,000 after acquiring an additional 233 shares during the period. Spire Wealth Management grew its position in ProShares Ultra QQQ by 32.5% in the third quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock worth $65,000 after acquiring an additional 268 shares during the period. Headlands Technologies LLC purchased a new position in ProShares Ultra QQQ in the first quarter worth approximately $65,000. Banque Cantonale Vaudoise purchased a new position in ProShares Ultra QQQ in the first quarter worth approximately $105,000. Finally, Citigroup Inc. grew its position in ProShares Ultra QQQ by 20.0% in the third quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock worth $135,000 after acquiring an additional 380 shares during the period.

ProShares Ultra QQQ Company Profile

(Get Free Report)

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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