ProShares Ultra QQQ (NYSEARCA:QLD) Sees Unusually-High Trading Volume – What’s Next?

ProShares Ultra QQQ (NYSEARCA:QLD) shares saw unusually-strong trading volume on Friday . Approximately 3,962,757 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 2,968,240 shares.The stock last traded at $105.80 and had previously closed at $109.73.

ProShares Ultra QQQ Stock Down 4.2 %

The business has a fifty day moving average price of $110.20 and a 200 day moving average price of $102.01. The company has a market capitalization of $7.19 billion, a P/E ratio of 25.00 and a beta of 2.55.

Hedge Funds Weigh In On ProShares Ultra QQQ

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in shares of ProShares Ultra QQQ by 2.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,029 shares of the company’s stock worth $506,000 after acquiring an additional 99 shares during the last quarter. Lowery Thomas LLC raised its position in shares of ProShares Ultra QQQ by 3.0% in the third quarter. Lowery Thomas LLC now owns 3,549 shares of the company’s stock valued at $357,000 after purchasing an additional 103 shares during the period. HighTower Advisors LLC lifted its stake in shares of ProShares Ultra QQQ by 0.5% during the 3rd quarter. HighTower Advisors LLC now owns 57,722 shares of the company’s stock worth $5,812,000 after buying an additional 262 shares during the last quarter. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of ProShares Ultra QQQ by 36.5% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock worth $114,000 after buying an additional 306 shares during the period. Finally, Koshinski Asset Management Inc. grew its stake in ProShares Ultra QQQ by 11.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,754 shares of the company’s stock valued at $479,000 after buying an additional 500 shares during the last quarter.

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.