ProShares Ultra QQQ (NYSEARCA:QLD) Short Interest Down 41.9% in June

ProShares Ultra QQQ (NYSEARCA:QLD) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,142,127 shares, a decrease of 41.9% from the June 15th total of 1,965,191 shares. Based on an average daily trading volume, of 4,402,051 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. increased its position in shares of ProShares Ultra QQQ by 0.7% in the third quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock valued at $2,266,000 after buying an additional 122 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in shares of ProShares Ultra QQQ by 1.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock worth $636,000 after buying an additional 180 shares during the last quarter. Brookstone Capital Management boosted its position in shares of ProShares Ultra QQQ by 2.7% in the 1st quarter. Brookstone Capital Management now owns 11,774 shares of the company’s stock worth $718,000 after buying an additional 308 shares in the last quarter. Creative Planning boosted its position in shares of ProShares Ultra QQQ by 1.1% in the 3rd quarter. Creative Planning now owns 33,298 shares of the company’s stock worth $4,568,000 after buying an additional 364 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in shares of ProShares Ultra QQQ by 3.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock worth $1,490,000 after buying an additional 375 shares in the last quarter.

ProShares Ultra QQQ Price Performance

Shares of NYSEARCA:QLD traded down $3.04 during trading on Thursday, reaching $88.57. The company had a trading volume of 4,152,441 shares, compared to its average volume of 5,281,104. ProShares Ultra QQQ has a fifty-two week low of $56.60 and a fifty-two week high of $101.19. The stock’s fifty day moving average price is $93.30 and its 200 day moving average price is $78.10. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 31.03 and a beta of 2.45.

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.