Shares of ProShares Ultra QQQ (NYSEARCA:QLD) gapped down prior to trading on Monday . The stock had previously closed at $94.99, but opened at $92.47. ProShares Ultra QQQ shares last traded at $89.42, with a volume of 2246144 shares traded.

Institutional investors have recently bought and sold shares of the business. Biondo Investment Advisors LLC purchased a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at about $336,000. Bell Rock Capital LLC increased its position in shares of ProShares Ultra QQQ by 0.8% in the first quarter. Bell Rock Capital LLC now owns 94,751 shares of the company’s stock valued at $8,525,000 after acquiring an additional 715 shares during the period. GenWealth Group Inc. increased its position in shares of ProShares Ultra QQQ by 2.5% in the first quarter. GenWealth Group Inc. now owns 31,659 shares of the company’s stock valued at $2,923,000 after acquiring an additional 782 shares during the period. Townsquare Capital LLC purchased a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at about $463,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of ProShares Ultra QQQ by 101.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,338 shares of the company’s stock valued at $359,000 after acquiring an additional 2,682 shares during the period.

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ProShares Ultra QQQ Company Profile (NYSEARCA:QLD)

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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