ProShares Ultra QQQ (NYSEARCA:QLD) Short Interest Update

ProShares Ultra QQQ (NYSEARCA:QLD) was the target of a large 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. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 4,920,926 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On ProShares Ultra QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in ProShares Ultra QQQ during the 1st quarter worth approximately $557,000. Schnieders Capital Management LLC. acquired a new stake in ProShares Ultra QQQ in the second quarter worth $271,000. JPMorgan Chase & Co. raised its holdings in ProShares Ultra QQQ by 41,735.7% in the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock worth $1,379,000 after purchasing an additional 11,686 shares during the period. Ieq Capital LLC boosted its position in shares of ProShares Ultra QQQ by 24.3% during the second quarter. Ieq Capital LLC now owns 19,338 shares of the company’s stock worth $2,276,000 after purchasing an additional 3,776 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of ProShares Ultra QQQ during the second quarter worth $263,000.

ProShares Ultra QQQ Stock Down 0.3%

NYSEARCA:QLD traded down $0.28 during mid-day trading on Friday, reaching $94.15. 2,783,786 shares of the company were exchanged, compared to its average volume of 5,184,243. The stock has a market cap of $14.36 billion, a PE ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 12 month low of $56.60 and a 12 month high of $101.19. The company has a fifty day moving average of $90.54 and a 200 day moving average of $80.52.

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.