ProShares Ultra QQQ (NYSEARCA:QLD) Sees Large Volume Increase

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) saw an uptick in trading volume on Friday . 6,619,931 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 3,779,411 shares.The stock last traded at $81.76 and had previously closed at $79.36.

ProShares Ultra QQQ Stock Up 3.1 %

The firm has a market capitalization of $5.75 billion, a P/E ratio of 25.00 and a beta of 2.55. The stock has a fifty day moving average of $84.82 and a 200-day moving average of $75.89.

Hedge Funds Weigh In On ProShares Ultra QQQ

Several institutional investors have recently modified their holdings of the stock. AlphaMark Advisors LLC grew its position in shares of ProShares Ultra QQQ by 91.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 489 shares of the company’s stock valued at $29,000 after purchasing an additional 233 shares during the period. Spire Wealth Management grew its position in shares of ProShares Ultra QQQ by 32.5% in the 3rd quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock valued at $65,000 after purchasing an additional 268 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of ProShares Ultra QQQ in the 1st quarter valued at approximately $105,000. Citigroup Inc. lifted its stake in ProShares Ultra QQQ by 20.0% in the 3rd quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock valued at $135,000 after acquiring an additional 380 shares in the last quarter. Finally, Barclays PLC bought a new stake in ProShares Ultra QQQ in the 3rd quarter valued at approximately $155,000.

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.