ProShares UltraPro QQQ (NASDAQ:TQQQ) Stock Price Down 0.5%
ProShares UltraPro QQQ (NASDAQ:TQQQ) shares were down 0.5% during trading on Thursday . The stock traded as low as $56.26 and last traded at $56.30, approximately 1,305,477 shares changed hands during mid-day trading. A decline of 93% from the average daily volume of 18,408,215 shares. The stock had previously closed at $56.61.
The firm has a 50-day moving average price of $64.65 and a 200 day moving average price of $58.64.
Institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth approximately $272,000. Weaver Consulting Group acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at approximately $100,000. Crosspoint Capital Strategies LLC acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at approximately $1,997,000. First Midwest Bank Trust Division boosted its position in ProShares UltraPro QQQ by 53.4% during the 1st quarter. First Midwest Bank Trust Division now owns 14,500 shares of the exchange traded fund’s stock valued at $822,000 after purchasing an additional 5,050 shares during the period. Finally, Creative Planning acquired a new position in ProShares UltraPro QQQ during the 1st quarter valued at approximately $501,000.
Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.
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