ProShares Ultra QQQ (NYSEARCA:QLD) Short Interest Update

ProShares Ultra QQQ (NYSEARCA:QLD) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,097,811 shares, a decrease of 55.8% from the August 15th total of 2,482,329 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 3,319,080 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Clearstead Trust LLC lifted its stake in shares of ProShares Ultra QQQ by 0.3% during the first quarter. Clearstead Trust LLC now owns 733,841 shares of the company’s stock valued at $44,764,000 after acquiring an additional 2,302 shares during the period. Dale Q Rice Investment Management Ltd raised its holdings in ProShares Ultra QQQ by 3.5% during the 1st quarter. Dale Q Rice Investment Management Ltd now owns 247,938 shares of the company’s stock worth $15,124,000 after purchasing an additional 8,484 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of ProShares Ultra QQQ by 121.8% in the 4th quarter. HighTower Advisors LLC now owns 136,905 shares of the company’s stock valued at $9,639,000 after purchasing an additional 75,185 shares during the last quarter. Discipline Wealth Solutions LLC grew its position in shares of ProShares Ultra QQQ by 316.3% during the 1st quarter. Discipline Wealth Solutions LLC now owns 122,373 shares of the company’s stock worth $7,465,000 after buying an additional 92,975 shares during the period. Finally, Connective Capital Management LLC raised its stake in shares of ProShares Ultra QQQ by 100.0% during the fourth quarter. Connective Capital Management LLC now owns 105,918 shares of the company’s stock worth $7,458,000 after buying an additional 52,959 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD traded up $1.23 during midday trading on Wednesday, reaching $88.19. The company’s stock had a trading volume of 1,631,289 shares, compared to its average volume of 4,970,805. The company has a market capitalization of $13.24 billion, a P/E ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a fifty-two week low of $56.60 and a fifty-two week high of $101.19. The business’s fifty day simple moving average is $89.03 and its 200-day simple moving average is $83.73.

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. The Index is calculated under a modified capitalization-weighted methodology.