ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up – Here’s What Happened

Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) gapped up prior to trading 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 traded.

ProShares UltraPro QQQ Trading Up 6.2 %

The business has a 50-day moving average price of $77.37 and a 200 day moving average price of $76.98. The stock has a market cap of $20.28 billion, a PE ratio of 26.02 and a beta of 3.45.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TQQQ. Oriental Harbor Investment Fund bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $82,199,000. BNP Paribas Financial Markets bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $21,747,000. Tidal Investments LLC bought a new position in ProShares UltraPro QQQ in the 3rd quarter worth about $11,598,000. SBI Securities Co. Ltd. bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $9,970,000. Finally, Finward Bancorp bought a new position in ProShares UltraPro QQQ in the 4th quarter worth about $8,775,000.

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.