Squarepoint Ops LLC Sells 9,843 Shares of ProShares Ultra QQQ $QLD

Squarepoint Ops LLC trimmed its stake in shares of ProShares Ultra QQQ (NYSEARCA:QLD) by 20.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,561 shares of the company’s stock after selling 9,843 shares during the period. Squarepoint Ops LLC’s holdings in ProShares Ultra QQQ were worth $3,731,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. raised its position in ProShares Ultra QQQ by 0.7% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 16,513 shares of the company’s stock worth $2,266,000 after purchasing an additional 122 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in ProShares Ultra QQQ by 1.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 10,431 shares of the company’s stock valued at $636,000 after buying an additional 180 shares during the last quarter. Brookstone Capital Management increased its stake 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 valued at $718,000 after buying an additional 308 shares during the period. Creative Planning increased its stake 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 valued at $4,568,000 after buying an additional 364 shares during the period. Finally, Orion Porfolio Solutions LLC raised its position in shares of ProShares Ultra QQQ by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 10,863 shares of the company’s stock worth $1,490,000 after acquiring an additional 375 shares during the last quarter.

ProShares Ultra QQQ Stock Up 1.7%

Shares of QLD opened at $89.55 on Friday. ProShares Ultra QQQ has a 12-month low of $56.60 and a 12-month high of $101.19. The firm has a market capitalization of $13.66 billion, a PE ratio of 31.03 and a beta of 2.46. The stock’s fifty day simple moving average is $89.18 and its 200-day simple moving average is $83.35.

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.