CPR Investments Inc. Decreases Position in ProShares Ultra QQQ (NYSEARCA:QLD)

CPR Investments Inc. reduced its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 29.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,041 shares of the company’s stock after selling 7,544 shares during the period. ProShares Ultra QQQ makes up 1.8% of CPR Investments Inc.’s holdings, making the stock its 16th biggest holding. CPR Investments Inc.’s holdings in ProShares Ultra QQQ were worth $1,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group grew its position in ProShares Ultra QQQ by 36.5% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,144 shares of the company’s stock valued at $114,000 after acquiring an additional 306 shares in the last quarter. Tradition Wealth Management LLC purchased a new position in shares of ProShares Ultra QQQ in the third quarter valued at $207,000. Commonwealth Equity Services LLC acquired a new stake in ProShares Ultra QQQ during the 2nd quarter valued at $217,000. Anchor Investment Management LLC increased its stake in ProShares Ultra QQQ by 131.2% during the 2nd quarter. Anchor Investment Management LLC now owns 2,312 shares of the company’s stock worth $231,000 after buying an additional 1,312 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in ProShares Ultra QQQ in the 3rd quarter worth $233,000.

ProShares Ultra QQQ Price Performance

Shares of ProShares Ultra QQQ stock opened at $109.12 on Wednesday. ProShares Ultra QQQ has a 1-year low of $73.29 and a 1-year high of $120.68. The company has a market capitalization of $7.46 billion, a PE ratio of 25.00 and a beta of 2.55. The business has a 50-day moving average of $110.54 and a 200-day moving average of $102.17.

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.