ProShares UltraPro QQQ (NASDAQ:TQQQ) Trading Down 9.3%

ProShares UltraPro QQQ (NASDAQ:TQQQ) were down 9.3% on Wednesday . The stock traded as low as $111.71 and last traded at $112.79. Approximately 50,340,809 shares were traded during trading, an increase of 25% from the average daily volume of 40,133,086 shares. The stock had previously closed at $124.30.

The firm has a 50-day moving average price of $134.58 and a two-hundred day moving average price of $93.06.

Several hedge funds and other institutional investors have recently modified their holdings of TQQQ. UBS Group AG acquired a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth about $551,000. Trexquant Investment LP acquired a new position in ProShares UltraPro QQQ during the first quarter worth approximately $440,000. Commonwealth Equity Services LLC increased its position in ProShares UltraPro QQQ by 184.9% during the first quarter. Commonwealth Equity Services LLC now owns 7,150 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 4,640 shares during the period. Sowell Financial Services LLC increased its position in ProShares UltraPro QQQ by 17,544.4% during the first quarter. Sowell Financial Services LLC now owns 1,588 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 1,579 shares during the period. Finally, Rational Advisors LLC acquired a new position in ProShares UltraPro QQQ during the first quarter worth approximately $617,000.

About ProShares UltraPro QQQ (NASDAQ:TQQQ)

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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