ProShares Ultra QQQ $QLD Shares Sold by Global View Capital Management LLC

Global View Capital Management LLC lowered its holdings in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 87.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,869 shares of the company’s stock after selling 441,831 shares during the quarter. ProShares Ultra QQQ makes up approximately 1.3% of Global View Capital Management LLC’s holdings, making the stock its 12th biggest position. Global View Capital Management LLC’s holdings in ProShares Ultra QQQ were worth $5,918,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in QLD. Bullseye Investment Management LLC purchased a new position in shares of ProShares Ultra QQQ in the second quarter worth approximately $33,000. Physician Wealth Advisors Inc. bought a new stake in ProShares Ultra QQQ during the first quarter valued at approximately $66,000. Farmers & Merchants Investments Inc. purchased a new stake in ProShares Ultra QQQ during the third quarter valued at approximately $71,000. Integrated Wealth Concepts LLC purchased a new stake in ProShares Ultra QQQ during the second quarter valued at approximately $186,000. Finally, Retirement Planning Co of New England Inc. bought a new position in ProShares Ultra QQQ in the third quarter worth approximately $246,000.

ProShares Ultra QQQ Price Performance

Shares of ProShares Ultra QQQ stock opened at $82.59 on Friday. The company’s fifty day simple moving average is $91.91 and its 200-day simple moving average is $83.17. The stock has a market capitalization of $13.38 billion, a PE ratio of 31.03 and a beta of 2.46. ProShares Ultra QQQ has a 1-year low of $56.60 and a 1-year high of $101.62.

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.