Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) dropped 5.8% on Tuesday . The stock traded as low as $59.20 and last traded at $59.46. Approximately 39,078,623 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 55,894,546 shares. The stock had previously closed at $63.09.
ProShares UltraPro QQQ Stock Performance
The company has a market capitalization of $20.31 billion, a PE ratio of 26.02 and a beta of 3.45. The stock's fifty day simple moving average is $77.17 and its 200-day simple moving average is $77.01.
Hedge Funds Weigh In On ProShares UltraPro QQQ
Institutional investors and hedge funds have recently modified their holdings of the company. Oriental Harbor Investment Fund acquired a new position in ProShares UltraPro QQQ in the 3rd quarter valued at $82,199,000. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ in the third quarter valued at $21,747,000. Tidal Investments LLC acquired a new position in ProShares UltraPro QQQ in the third quarter valued at $11,598,000. SBI Securities Co. Ltd. purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $9,970,000. Finally, Finward Bancorp acquired a new stake in ProShares UltraPro QQQ in the 4th quarter worth about $8,775,000.
About ProShares UltraPro QQQ
(
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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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