13-May-2024
No press releases found.
BNP Paribas sees 'rangy trading' this summer as econ data cools off
Seeking Alpha News (Sun, 12-May 10:00 AM ET)
The Dow, S&P 500 and Nasdaq are 1% shy of their record highs
Seeking Alpha News (Fri, 10-May 7:26 AM ET)
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 May 13, 2024, QLD stock price climbed to $86.15 with 1,195,851 million shares trading.
QLD has a beta of 2.50, meaning it tends to be more sensitive to market movements. QLD has a correlation of 0.84 to the broad based SPY ETF.
QLD has a market cap of $5.98 billion. This is considered a Mid Cap stock.
In the last 3 years, QLD stock traded as high as $94.54 and as low as $32.98.
QLD has outperformed the market in the last year with a price return of +71.7% while the SPY ETF gained +28.2%. However, in the short term, QLD had mixed performance relative to the market. It has underperformed in the last 3 months, returning +4.7% vs +5.8% return in SPY. But in the last 2 weeks, QLD shares have fared better than the market returning +4.5% compared to SPY +2.1%.
QLD support price is $83.84 and resistance is $87.71 (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 stock will trade within this expected range on the day.