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

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price 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 changing hands.

ProShares UltraPro QQQ Stock Performance

The firm has a market capitalization of $20.67 billion, a P/E ratio of 26.02 and a beta of 3.45. The firm has a 50 day moving average price of $77.00 and a two-hundred day moving average price of $77.09.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Institutional investors have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of ProShares UltraPro QQQ in the third quarter worth about $32,000. PayPay Securities Corp boosted its stake in ProShares UltraPro QQQ by 119.3% in the 4th 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 purchased a new position in ProShares UltraPro QQQ during the 4th quarter worth approximately $47,000. Clear Investment Research LLC raised its stake in ProShares UltraPro QQQ by 83.3% during the 4th 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 during the period. Finally, Beacon Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at $109,000.

About ProShares UltraPro QQQ

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.