Natixis Trims Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

by · The Markets Daily

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Natixis cut its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD – Free Report) by 58.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,399 shares of the company’s stock after selling 1,929 shares during the quarter. Natixis’ holdings in ProShares Ultra QQQ were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First National Corp MA ADV lifted its stake in shares of ProShares Ultra QQQ by 5.0% in the 2nd quarter. First National Corp MA ADV now owns 74,301 shares of the company’s stock valued at $4,783,000 after purchasing an additional 3,547 shares in the last quarter. Howard Capital Management Inc. lifted its stake in shares of ProShares Ultra QQQ by 8,589.2% in the 1st quarter. Howard Capital Management Inc. now owns 538,555 shares of the company’s stock valued at $26,696,000 after purchasing an additional 532,357 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in shares of ProShares Ultra QQQ in the 1st quarter valued at about $252,000. Lido Advisors LLC raised its holdings in shares of ProShares Ultra QQQ by 125.8% during the 2nd quarter. Lido Advisors LLC now owns 12,177 shares of the company’s stock valued at $784,000 after buying an additional 6,784 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of ProShares Ultra QQQ by 1.6% during the 2nd quarter. LPL Financial LLC now owns 23,931 shares of the company’s stock valued at $1,541,000 after buying an additional 374 shares during the period.

ProShares Ultra QQQ Stock Performance

Shares of NYSEARCA:QLD opened at $68.13 on Wednesday. The company has a market cap of $5.43 billion, a P/E ratio of 25.00 and a beta of 2.27. ProShares Ultra QQQ has a one year low of $33.38 and a one year high of $70.74. The business’s 50-day simple moving average is $62.94 and its 200 day simple moving average is $63.01.

ProShares Ultra QQQ Profile

(Free Report)

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.

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