ProShares Ultra QQQ (NYSEARCA:QLD – Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders bought 6,021 put options on the stock. This is an increase of approximately 209% compared to the typical daily volume of 1,949 put options.
ProShares Ultra QQQ Price Performance
Shares of NYSEARCA:QLD traded down $0.29 during mid-day trading on Wednesday, reaching $71.32. 1,568,409 shares of the company traded hands, compared to its average volume of 6,908,085. ProShares Ultra QQQ has a 52 week low of $32.36 and a 52 week high of $76.67. The firm has a market cap of $10.53 billion, a PE ratio of 31.03 and a beta of 2.31. The company’s 50 day moving average price is $71.39 and its 200-day moving average price is $65.98.
Institutional Trading of ProShares Ultra QQQ
Several institutional investors and hedge funds have recently modified their holdings of QLD. Beacon Capital Management Inc. bought a new stake in ProShares Ultra QQQ in the 2nd quarter worth approximately $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of ProShares Ultra QQQ in the 2nd quarter worth $38,000. Qube Research & Technologies Ltd purchased a new stake in shares of ProShares Ultra QQQ during the 3rd quarter valued at about $71,000. Financial Consulate Inc. bought a new position in shares of ProShares Ultra QQQ in the 3rd quarter valued at about $78,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in ProShares Ultra QQQ by 38.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after acquiring an additional 262 shares in 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. The Index is calculated under a modified capitalization-weighted methodology.
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