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

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) saw unusually-high trading volume on Monday . Approximately 8,756,213 shares changed hands during mid-day trading, an increase of 137% from the previous session’s volume of 3,693,067 shares.The stock last traded at $82.16 and had previously closed at $84.95.

ProShares Ultra QQQ Stock Performance

The firm’s fifty day simple moving average is $85.58 and its 200 day simple moving average is $75.18. The stock has a market capitalization of $5.67 billion, a P/E ratio of 25.00 and a beta of 2.55.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of ProShares Ultra QQQ by 1.7% in the third quarter. Creative Planning now owns 11,050 shares of the company’s stock worth $656,000 after acquiring an additional 180 shares during the last quarter. Formidable Asset Management LLC increased its position in ProShares Ultra QQQ by 4.7% during the 4th quarter. Formidable Asset Management LLC now owns 4,186 shares of the company’s stock worth $307,000 after purchasing an additional 186 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in 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 last quarter. Spire Wealth Management boosted its position in ProShares Ultra QQQ by 32.5% in the third quarter. Spire Wealth Management now owns 1,092 shares of the company’s stock valued at $65,000 after buying an additional 268 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its stake in shares of ProShares Ultra QQQ by 2.4% during the third quarter. Adell Harriman & Carpenter Inc. now owns 11,277 shares of the company’s stock worth $669,000 after buying an additional 269 shares during the last quarter.

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.