ProShares UltraPro QQQ $TQQQ Position Lowered by Thor Trading Advisors LLC

Thor Trading Advisors LLC cut its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 36.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,500 shares of the exchange traded fund’s stock after selling 18,587 shares during the quarter. ProShares UltraPro QQQ makes up approximately 0.9% of Thor Trading Advisors LLC’s holdings, making the stock its 12th biggest holding. Thor Trading Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $2,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth $12,430,000. Paragon Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 109.9% in the third quarter. Paragon Advisors LLC now owns 516,930 shares of the exchange traded fund’s stock valued at $40,336,000 after purchasing an additional 270,651 shares during the last quarter. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 290.6% during the first quarter. IMC Chicago LLC now owns 289,517 shares of the exchange traded fund’s stock valued at $12,067,000 after purchasing an additional 215,397 shares in the last quarter. Vestia Personal Wealth Advisors lifted its position in shares of ProShares UltraPro QQQ by 100.7% during the third quarter. Vestia Personal Wealth Advisors now owns 310,000 shares of the exchange traded fund’s stock valued at $24,189,000 after purchasing an additional 155,556 shares in the last quarter. Finally, Turner Capital Investments LLC bought a new position in shares of ProShares UltraPro QQQ during the third quarter valued at about $11,510,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $56.56 on Wednesday. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 38.25 and a beta of 3.75. ProShares UltraPro QQQ has a 52-week low of $37.32 and a 52-week high of $88.09. The company has a 50-day simple moving average of $71.61 and a two-hundred day simple moving average of $65.56.

ProShares UltraPro QQQ 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.