Shares of ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.61 and last traded at $92.26, with a volume of 3924176 shares trading hands. The stock had previously closed at $91.72.
ProShares Ultra QQQ Stock Performance
The firm has a 50 day simple moving average of $71.49 and a two-hundred day simple moving average of $71.08. The firm has a market capitalization of $13.71 billion, a P/E ratio of 31.03 and a beta of 2.43.
Institutional Investors Weigh In On ProShares Ultra QQQ
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Portus Wealth Advisors LLC purchased a new stake in ProShares Ultra QQQ in the 1st quarter valued at about $26,000. Qube Research & Technologies Ltd bought a new position in ProShares Ultra QQQ in the 3rd quarter valued at $71,000. Farmers & Merchants Investments Inc. grew its stake in ProShares Ultra QQQ by 100.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares during the period. Monetary Solutions Ltd bought a new position in ProShares Ultra QQQ in the 4th quarter valued at $59,000. Finally, Parallel Advisors LLC grew its stake in ProShares Ultra QQQ by 100.2% in the 4th quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock valued at $65,000 after purchasing an additional 462 shares during the period.
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.
Featured Stories
- Five stocks we like better than ProShares Ultra QQQ
- Oklo Stock Could Be Ready for Another Massive Run
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
Receive News & Ratings for ProShares Ultra QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
