ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up - What's Next?

ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $62.18, but opened at $65.06. ProShares UltraPro QQQ shares last traded at $65.65, with a volume of 13,178,560 shares.

ProShares UltraPro QQQ Stock Down 5.8 %

The firm has a market cap of $19.46 billion, a P/E ratio of 26.02 and a beta of 3.45. The business's 50 day moving average is $77.00 and its two-hundred day moving average is $77.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TQQQ. RPg Family Wealth Advisory LLC acquired a new position in ProShares UltraPro QQQ in the third quarter valued at approximately $32,000. PayPay Securities Corp grew its holdings in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after purchasing an additional 272 shares during the period. Cary Street Partners Financial LLC acquired a new stake in ProShares UltraPro QQQ in the fourth quarter worth $47,000. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after purchasing an additional 479 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at about $109,000.

ProShares UltraPro QQQ Company Profile

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.