ProShares Ultra QQQ (NYSEARCA:QLD) Sees Unusually-High Trading Volume

ProShares Ultra QQQ (NYSEARCA:QLD) saw unusually-high trading volume on Friday . Approximately 6,619,931 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 3,779,411 shares.The stock last traded at $81.76 and had previously closed at $79.36.

ProShares Ultra QQQ Stock Performance

The stock’s 50 day simple moving average is $84.80 and its two-hundred day simple moving average is $76.12. The firm has a market capitalization of $5.75 billion, a PE ratio of 25.00 and a beta of 2.55.

Institutional Trading of ProShares Ultra QQQ

Institutional investors have recently made changes to their positions in the company. CRA Financial Services LLC purchased a new stake in shares of ProShares Ultra QQQ during the 4th quarter valued at approximately $214,000. AlphaMark Advisors LLC increased its holdings 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. Pathstone Family Office LLC purchased a new stake in ProShares Ultra QQQ in the third quarter valued at approximately $17,182,000. Citigroup Inc. raised its position in ProShares Ultra QQQ by 20.0% in the third quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock valued at $135,000 after purchasing an additional 380 shares during the period. Finally, Grandview Asset Management LLC purchased a new stake in ProShares Ultra QQQ in the fourth quarter valued at approximately $243,000.

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.