ProShares Ultra QQQ (NYSEARCA:QLD) gapped up before the market opened on Friday . The stock had previously closed at $87.13, but opened at $84.27. ProShares Ultra QQQ shares last traded at $82.46, with a volume of 241286 shares trading hands.
Several institutional investors and hedge funds have recently added to or reduced their stakes in QLD. GenWealth Group Inc. raised its holdings in shares of ProShares Ultra QQQ by 10.7% during the second quarter. GenWealth Group Inc. now owns 27,550 shares of the company’s stock valued at $2,361,000 after buying an additional 2,667 shares during the last quarter. Howard Capital Management Inc. raised its holdings in ProShares Ultra QQQ by 15.4% during the second quarter. Howard Capital Management Inc. now owns 755,939 shares of the company’s stock worth $70,980,000 after purchasing an additional 101,109 shares in the last quarter. Dubuque Bank & Trust Co. raised its holdings in ProShares Ultra QQQ by 81.6% during the second quarter. Dubuque Bank & Trust Co. now owns 3,133 shares of the company’s stock worth $271,000 after purchasing an additional 1,408 shares in the last quarter. Round Table Services LLC bought a new stake in ProShares Ultra QQQ during the second quarter worth approximately $208,000. Finally, Roanoke Asset Management Corp NY bought a new stake in ProShares Ultra QQQ during the second quarter worth approximately $1,038,000.
ProShares Ultra QQQ Company Profile (NYSEARCA:QLD)
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.
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