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

ProShares Ultra QQQ (NYSEARCA:QLD) was the recipient of some unusual options trading activity on Monday. Investors bought 3,631 call options on the stock. This represents an increase of 118% compared to the typical daily volume of 1,666 call options.

ProShares Ultra QQQ Stock Performance

Shares of ProShares Ultra QQQ stock opened at $72.47 on Wednesday. ProShares Ultra QQQ has a fifty-two week low of $32.36 and a fifty-two week high of $76.67. The company has a market capitalization of $10.70 billion, a P/E ratio of 31.03 and a beta of 2.31. The company has a fifty day moving average of $70.28 and a 200 day moving average of $63.36.

Hedge Funds Weigh In On ProShares Ultra QQQ

Hedge funds have recently made changes to their positions in the business. Howard Capital Management Inc. lifted its holdings in ProShares Ultra QQQ by 7,370.9% in the 2nd quarter. Howard Capital Management Inc. now owns 6,471,937 shares of the company’s stock worth $762,617,000 after purchasing an additional 6,385,308 shares in the last quarter. Global View Capital Management LLC grew its holdings in ProShares Ultra QQQ by 2.1% during the 3rd quarter. Global View Capital Management LLC now owns 833,798 shares of the company’s stock valued at $114,397,000 after buying an additional 17,386 shares in the last quarter. Main Street Group LTD raised its position in shares of ProShares Ultra QQQ by 2.3% during the third quarter. Main Street Group LTD now owns 547,311 shares of the company’s stock valued at $75,091,000 after buying an additional 12,223 shares during the last quarter. Clearstead Trust LLC raised its position in shares of ProShares Ultra QQQ by 1.7% during the second quarter. Clearstead Trust LLC now owns 362,025 shares of the company’s stock valued at $42,614,000 after buying an additional 6,014 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra QQQ in the second quarter worth $39,925,000.

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.