One Way Holdings LLC bought a new stake in ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 16,011 shares of the company’s stock, valued at approximately $1,531,000.
A number of other hedge funds have also recently added to or reduced their stakes in QLD. Segment Wealth Management LLC purchased a new stake in shares of ProShares Ultra QQQ during the 3rd quarter worth about $327,000. CPR Investments Inc. grew its holdings in ProShares Ultra QQQ by 1,268.1% in the third quarter. CPR Investments Inc. now owns 99,377 shares of the company’s stock valued at $9,535,000 after purchasing an additional 92,113 shares during the period. Dedeker Financial LLC grew its holdings in ProShares Ultra QQQ by 7.6% in the third quarter. Dedeker Financial LLC now owns 384,371 shares of the company’s stock valued at $36,765,000 after purchasing an additional 27,310 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of ProShares Ultra QQQ in the third quarter valued at approximately $3,555,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of ProShares Ultra QQQ in the third quarter valued at approximately $71,000.
ProShares Ultra QQQ Stock Performance
NYSEARCA:QLD opened at $82.59 on Monday. The company has a fifty day moving average of $91.91 and a two-hundred day moving average of $83.17. The stock has a market capitalization of $13.67 billion, a PE ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a fifty-two week low of $56.60 and a fifty-two week high of $101.62.
ProShares Ultra QQQ Profile
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.
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