ProShares Ultra QQQ (NYSEARCA:QLD) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 864,066 shares, a growth of 62.1% from the January 12th total of 533,000 shares. Based on an average daily volume of 1,641,318 shares, the short-interest ratio is presently 0.5 days.
A number of institutional investors and hedge funds have recently modified their holdings of QLD. Sowell Financial Services LLC acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $581,000. GenWealth Group Inc. increased its holdings in ProShares Ultra QQQ by 36.2% during the fourth quarter. GenWealth Group Inc. now owns 23,898 shares of the company’s stock worth $2,037,000 after buying an additional 6,352 shares during the last quarter. IPG Investment Advisors LLC acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $228,000. Keybank National Association OH acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $211,000. Finally, Virtu Financial LLC acquired a new position in ProShares Ultra QQQ during the fourth quarter worth $1,282,000.
ProShares Ultra QQQ (NYSEARCA:QLD) opened at $76.28 on Wednesday. The firm has a market cap of $1,570.00 and a price-to-earnings ratio of 4.62. ProShares Ultra QQQ has a fifty-two week low of $49.88 and a fifty-two week high of $88.01.
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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