What ProShares Ultra QQQ (QLD) Bought: No Buys as NVIDIA Leads Sells on Oct. 29

This article first appeared on GuruFocus. ProShares Ultra QQQ 2x Shares (QLD) was alone among the ETFs reviewed in selling on Thursday, with no funds buying. The $13.26 billion fund recorded $430.9 million in gross ETF activity, all of it on the sell side, for a net outflow of $430.9 million. QLD trimmed 99 positions and added to none. What did QLD sell on Thursday? Is QLD fairly valued? Test your thesis with our free DCF calculator. Its largest sells by dollar value were NVDA ($35.7 million), AAPL ($35.3 million) and MSFT ($27.3 million). Stock Shares changed Value Position NVIDIA CORP (NVDA) -167,200 -$35.7M 8.12% of fund APPLE INC (AAPL) -101,300 -$35.3M 8.03% of fund MICROSOFT CORP (MSFT) -51,500 -$27.3M 6.