QLD Stock Summary and Trading Ideas (ProShares Ultra QQQ | ARCA:QLD)

ProShares Ultra QQQ seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the NASDAQ-100 Index .

ProShares Ultra QQQ trades on the ARCA stock market under the symbol QLD.

As of January 31, 2025, QLD stock price climbed to $114.03 with 1,466,093 million shares trading.

QLD has a beta of 2.69, meaning it tends to be more sensitive to market movements. QLD has a correlation of 0.88 to the broad based SPY ETF.

QLD has a market cap of $8.04 billion. This is considered a Mid Cap stock.

In the last 3 years, QLD traded as high as $120.68 and as low as $32.98.

QLD has outperformed the market in the last year with a price return of +40.5% while the SPY ETF gained +25.0%. QLD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.2% and +5.0%, respectively, while the SPY returned +4.9% and +2.5%, respectively.

QLD support price is $109.52 and resistance is $115.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QLD shares will trade within this expected range on the day.