ProShares Ultra QQQ (NYSEARCA:QLD) Shares Set to Split on Thursday, November 20th

Shares of ProShares Ultra QQQ (NYSEARCA:QLD) are going to split on the morning of Thursday, November 20th. The 2-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 19th.

ProShares Ultra QQQ Price Performance

Shares of QLD opened at $140.11 on Friday. The company has a 50-day moving average of $137.42 and a two-hundred day moving average of $120.72. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a one year low of $64.72 and a one year high of $153.33.

Hedge Funds Weigh In On ProShares Ultra QQQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beacon Capital Management Inc. purchased a new stake in shares of ProShares Ultra QQQ in the second quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new position in ProShares Ultra QQQ during the second quarter valued at $38,000. Financial Consulate Inc. purchased a new stake in ProShares Ultra QQQ in the 3rd quarter worth about $78,000. IFP Advisors Inc lifted its stake in ProShares Ultra QQQ by 80.2% in the 1st quarter. IFP Advisors Inc now owns 899 shares of the company’s stock worth $80,000 after acquiring an additional 400 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in ProShares Ultra QQQ by 38.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 949 shares of the company’s stock worth $112,000 after acquiring an additional 262 shares during the period.

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.