Group One Trading LLC Cuts Position in ProShares Ultra QQQ $QLD

Group One Trading LLC decreased its position in ProShares Ultra QQQ (NYSEARCA:QLD) by 57.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,343 shares of the company’s stock after selling 27,615 shares during the quarter. Group One Trading LLC’s holdings in ProShares Ultra QQQ were worth $2,791,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Main Street Group LTD grew its stake in shares of ProShares Ultra QQQ by 2.3% during the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock worth $75,091,000 after purchasing an additional 12,223 shares in the last quarter. Legacy Wealth Managment LLC ID raised its stake in ProShares Ultra QQQ by 2,153.9% in the second quarter. Legacy Wealth Managment LLC ID now owns 16,228 shares of the company’s stock valued at $1,910,000 after buying an additional 15,508 shares in the last quarter. Bank of Montreal Can raised its stake in ProShares Ultra QQQ by 296.7% in the second quarter. Bank of Montreal Can now owns 19,192 shares of the company’s stock valued at $2,259,000 after buying an additional 14,354 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in ProShares Ultra QQQ during the 2nd quarter worth about $117,000. Finally, Clearstead Trust LLC boosted its position in shares of ProShares Ultra QQQ by 1.7% during the 2nd quarter. Clearstead Trust LLC now owns 362,025 shares of the company’s stock worth $42,614,000 after acquiring an additional 6,014 shares in the last quarter.

ProShares Ultra QQQ Stock Performance

NYSEARCA:QLD opened at $66.19 on Friday. ProShares Ultra QQQ has a 1 year low of $32.36 and a 1 year high of $76.67. The stock has a market cap of $9.85 billion, a P/E ratio of 31.03 and a beta of 2.31. The stock has a 50-day simple moving average of $70.05 and a 200-day simple moving average of $69.32.

ProShares Ultra QQQ Company 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.