ProShares UltraPro QQQ (NASDAQ:TQQQ) Sets New 1-Year High – What’s Next?

ProShares UltraPro QQQ (NASDAQ:TQQQ) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $77.36 and last traded at $76.96, with a volume of 59868215 shares changing hands. The stock had previously closed at $76.28.

ProShares UltraPro QQQ Trading Up 0.9%

The firm has a market cap of $37.95 billion, a P/E ratio of 38.25 and a beta of 3.66. The firm has a 50-day simple moving average of $52.15 and a 200-day simple moving average of $52.95.

Institutional Trading of ProShares UltraPro QQQ

Institutional investors have recently made changes to their positions in the business. WFA of San Diego LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth $25,000. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth $31,000. CoreCap Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 69.8% in the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 240 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of ProShares UltraPro QQQ by 100.0% in the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 350 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of ProShares UltraPro QQQ by 100.0% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 828 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 414 shares in the last quarter.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.