CPR Investments Inc. Cuts Stock Holdings in ProShares Ultra QQQ $QLD

CPR Investments Inc. reduced its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 40.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,505 shares of the company’s stock after selling 5,168 shares during the quarter. ProShares Ultra QQQ accounts for approximately 0.3% of CPR Investments Inc.’s portfolio, making the stock its 26th largest holding. CPR Investments Inc.’s holdings in ProShares Ultra QQQ were worth $496,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. lifted its position in ProShares Ultra QQQ by 100.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares during the last quarter. Monetary Solutions Ltd bought a new position in shares of ProShares Ultra QQQ in the fourth quarter worth approximately $59,000. Parallel Advisors LLC increased its stake in shares of ProShares Ultra QQQ by 100.2% in the fourth quarter. Parallel Advisors LLC now owns 923 shares of the company’s stock worth $65,000 after buying an additional 462 shares during the period. IFP Advisors Inc increased its stake in shares of ProShares Ultra QQQ by 300.8% in the fourth quarter. IFP Advisors Inc now owns 998 shares of the company’s stock worth $70,000 after buying an additional 749 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of ProShares Ultra QQQ in the third quarter worth $71,000.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $97.91 on Monday. The company has a 50-day moving average price of $87.78 and a 200-day moving average price of $75.50. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 12 month low of $53.16 and a 12 month high of $101.19.

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