J.W. Cole Advisors Inc. acquired a new position in ProShares Ultra QQQ (NYSEARCA:QLD – Get Rating) in the first quarter, Holdings Channel.com reports. The firm acquired 15,184 shares of the company’s stock, valued at approximately $58,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QLD. Sowell Financial Services LLC boosted its holdings in shares of ProShares Ultra QQQ by 166.2% in the 1st quarter. Sowell Financial Services LLC now owns 360,577 shares of the company’s stock worth $12,646,000 after purchasing an additional 225,142 shares in the last quarter. DRW Securities LLC boosted its holdings in ProShares Ultra QQQ by 453.0% during the 4th quarter. DRW Securities LLC now owns 131,648 shares of the company’s stock valued at $11,719,000 after acquiring an additional 107,842 shares during the period. Bell Rock Capital LLC purchased a new stake in ProShares Ultra QQQ during the 4th quarter valued at about $5,786,000. Flow Traders U.S. LLC boosted its holdings in ProShares Ultra QQQ by 244.6% during the 4th quarter. Flow Traders U.S. LLC now owns 90,735 shares of the company’s stock valued at $8,077,000 after acquiring an additional 64,403 shares during the period. Finally, Rollins Financial boosted its holdings in ProShares Ultra QQQ by 53.6% during the 1st quarter. Rollins Financial now owns 143,952 shares of the company’s stock valued at $10,353,000 after acquiring an additional 50,229 shares during the period.
ProShares Ultra QQQ Stock Performance
Shares of QLD stock opened at $40.40 on Friday. ProShares Ultra QQQ has a 1-year low of $38.24 and a 1-year high of $94.54. The business has a 50-day moving average of $49.26 and a 200 day moving average of $52.42.
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.
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