ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down to $24.90

ProShares UltraPro QQQ (NASDAQ:TQQQGet Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $24.90, but opened at $22.91. ProShares UltraPro QQQ shares last traded at $22.16, with a volume of 3,098,008 shares changing hands.

The business has a 50 day simple moving average of $36.04 and a 200 day simple moving average of $53.90.

A number of institutional investors have recently modified their holdings of TQQQ. Bank of Montreal Can boosted its holdings in shares of ProShares UltraPro QQQ by 725.8% in the 1st quarter. Bank of Montreal Can now owns 1,431,715 shares of the exchange traded fund’s stock valued at $88,479,000 after purchasing an additional 1,258,340 shares during the last quarter. Paragon Advisors LLC lifted its stake in shares of ProShares UltraPro QQQ by 221.2% in the 1st quarter. Paragon Advisors LLC now owns 734,411 shares of the exchange traded fund’s stock worth $42,728,000 after acquiring an additional 505,731 shares during the period. SG Americas Securities LLC lifted its stake in shares of ProShares UltraPro QQQ by 0.4% in the 4th quarter. SG Americas Securities LLC now owns 616,861 shares of the exchange traded fund’s stock worth $102,602,000 after acquiring an additional 2,667 shares during the period. Simplex Trading LLC lifted its stake in ProShares UltraPro QQQ by 16,535.1% during the first quarter. Simplex Trading LLC now owns 613,168 shares of the exchange traded fund’s stock valued at $35,674,000 after purchasing an additional 609,482 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of ProShares UltraPro QQQ by 49.4% during the first quarter. Bank of America Corp DE now owns 285,304 shares of the exchange traded fund’s stock valued at $16,599,000 after acquiring an additional 94,307 shares during the period.

ProShares UltraPro QQQ Company Profile (NASDAQ:TQQQ)

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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