Connective Capital Management LLC Has $7.46 Million Position in ProShares Ultra QQQ $QLD

Connective Capital Management LLC raised its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,918 shares of the company’s stock after buying an additional 52,959 shares during the period. ProShares Ultra QQQ comprises 4.4% of Connective Capital Management LLC’s portfolio, making the stock its 4th largest holding. Connective Capital Management LLC owned 0.07% of ProShares Ultra QQQ worth $7,458,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Howard Capital Management Inc. boosted its stake in shares of ProShares Ultra QQQ by 95.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,277,706 shares of the company’s stock worth $864,473,000 after acquiring an additional 5,993,035 shares during the last quarter. Global View Capital Management LLC increased its stake in shares of ProShares Ultra QQQ by 116.2% in the 4th quarter. Global View Capital Management LLC now owns 1,802,525 shares of the company’s stock worth $126,916,000 after purchasing an additional 968,727 shares in the last quarter. Main Street Group LTD raised its holdings in ProShares Ultra QQQ by 89.9% in the 4th quarter. Main Street Group LTD now owns 1,039,176 shares of the company’s stock worth $73,168,000 after purchasing an additional 491,865 shares during the period. Clearstead Trust LLC raised its holdings in ProShares Ultra QQQ by 102.4% in the 4th quarter. Clearstead Trust LLC now owns 731,539 shares of the company’s stock worth $51,508,000 after purchasing an additional 370,086 shares during the period. Finally, Focus Financial Network Inc. raised its holdings in ProShares Ultra QQQ by 100.1% in the 4th quarter. Focus Financial Network Inc. now owns 599,334 shares of the company’s stock worth $42,199,000 after purchasing an additional 299,761 shares during the period.

ProShares Ultra QQQ Stock Performance

NYSEARCA QLD opened at $97.91 on Friday. The business’s fifty day moving average is $87.16 and its 200 day moving average is $75.32. ProShares Ultra QQQ has a fifty-two week low of $53.16 and a fifty-two week high of $101.19. The company has a market capitalization of $14.51 billion, a PE ratio of 31.03 and a beta of 2.46.

ProShares Ultra QQQ 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.