ProShares Ultra QQQ (NYSEARCA:QLD) Hits New 1-Year High – Here’s What Happened

ProShares Ultra QQQ (NYSEARCA:QLD)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $95.48 and last traded at $95.18, with a volume of 1146871 shares trading hands. The stock had previously closed at $93.10.

ProShares Ultra QQQ Stock Up 2.8%

The business’s fifty day moving average price is $75.40 and its 200 day moving average price is $72.06. The firm has a market capitalization of $14.18 billion, a PE ratio of 31.03 and a beta of 2.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Donaldson Capital Management LLC increased its stake in shares of ProShares Ultra QQQ by 100.0% during the fourth quarter. Donaldson Capital Management LLC now owns 28,000 shares of the company’s stock worth $1,971,000 after acquiring an additional 14,000 shares during the period. PMV Capital Advisers LLC increased its stake in shares of ProShares Ultra QQQ by 125.7% during the fourth quarter. PMV Capital Advisers LLC now owns 33,288 shares of the company’s stock worth $2,344,000 after acquiring an additional 18,538 shares during the period. CPR Investments Inc. increased its stake in shares of ProShares Ultra QQQ by 277.3% during the fourth quarter. CPR Investments Inc. now owns 12,673 shares of the company’s stock worth $926,000 after acquiring an additional 9,314 shares during the period. Sowell Financial Services LLC increased its stake in shares of ProShares Ultra QQQ by 96.4% during the fourth quarter. Sowell Financial Services LLC now owns 46,863 shares of the company’s stock worth $3,300,000 after acquiring an additional 23,002 shares during the period. Finally, Global View Capital Management LLC increased its stake in shares of ProShares Ultra QQQ by 116.2% during the fourth quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock worth $126,916,000 after acquiring an additional 968,727 shares during the period.

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.