ProShares Ultra QQQ (NYSEARCA:QLD) Hits New 12-Month High at $103.26

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) reached a new 52-week high on Friday . The company traded as high as $103.26 and last traded at $101.82, with a volume of 1285356 shares. The stock had previously closed at $100.94.

ProShares Ultra QQQ Stock Down 1.1 %

The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 25.00 and a beta of 2.55. The business has a 50-day moving average of $90.67 and a two-hundred day moving average of $84.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLD. Headlands Technologies LLC bought a new position in ProShares Ultra QQQ during the first quarter worth about $65,000. Banque Cantonale Vaudoise bought a new position in shares of ProShares Ultra QQQ in the first quarter valued at approximately $105,000. Citigroup Inc. raised its stake in shares of ProShares Ultra QQQ by 20.0% in the third quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock valued at $135,000 after acquiring an additional 380 shares during the last quarter. Barclays PLC bought a new position in shares of ProShares Ultra QQQ in the third quarter valued at approximately $155,000. Finally, Zullo Investment Group Inc. bought a new position in shares of ProShares Ultra QQQ in the fourth quarter valued at approximately $201,000.

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.