QLD stock price is trading at $78.65, with momentum supported by anticipation of Fed dovish policy later this year. Short-term traders favor QLD for its double exposure to the Nasdaq-100’s daily returns, amplifying gains in high-beta tech stocks. Lastly, the Ultra QQQ charges a gross expense ratio of 0.97% and a net expense ratio of 0.95%. In comparison, the Invesco QQQ Trust charges a total expense ratio (comparable to the gross expense ratio) of just 0.20%. Therefore, you're paying nearly five times the fees to try to double the Nasdaq-100's gains, but you're exposing yourself to double its downside potential. "There'll be a bit of a slow burn because of their stock losses," he said. QLD stock price rallied mid-session to $79.12 before easing into the close, reflecting intraday volatility common in leveraged ETFs. Traders anticipate further upside if macroeconomic data supports growth in the tech-heavy Nasdaq sectors QLD tracks.