Cibc World Market Inc. Acquires 29,779 Shares of ProShares Ultra QQQ $QLD

Cibc World Market Inc. raised its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,558 shares of the company’s stock after acquiring an additional 29,779 shares during the period. Cibc World Market Inc.’s holdings in ProShares Ultra QQQ were worth $4,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Howard Capital Management Inc. grew its position in ProShares Ultra QQQ by 95.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock valued at $864,473,000 after acquiring an additional 5,993,035 shares during the last quarter. Global View Capital Management LLC grew its position in ProShares Ultra QQQ by 116.2% during the fourth quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock valued at $126,916,000 after acquiring an additional 968,727 shares during the last quarter. Main Street Group LTD grew its position in ProShares Ultra QQQ by 89.9% during the fourth quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock valued at $73,168,000 after acquiring an additional 491,865 shares during the last quarter. Clearstead Trust LLC grew its position in ProShares Ultra QQQ by 102.4% during the fourth quarter. Clearstead Trust LLC now owns 731,539 shares of the company’s stock valued at $51,508,000 after acquiring an additional 370,086 shares during the last quarter. Finally, Focus Financial Network Inc. grew its position in ProShares Ultra QQQ by 100.1% during the fourth quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock valued at $42,199,000 after acquiring an additional 299,761 shares during the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA QLD opened at $92.25 on Tuesday. ProShares Ultra QQQ has a one year low of $53.16 and a one year high of $101.19. The firm’s 50 day simple moving average is $82.01 and its two-hundred day simple moving average is $73.91. The stock has a market capitalization of $13.67 billion, a P/E ratio of 31.03 and a beta of 2.46.

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.