ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Rating) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 56,090,000 shares, a growth of 25.6% from the November 15th total of 44,660,000 shares. Based on an average daily volume of 229,352,000 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Institutional & Family Asset Management LLC boosted its stake in ProShares UltraPro QQQ by 251.6% during the 1st quarter. Institutional & Family Asset Management LLC now owns 784 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 561 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of ProShares UltraPro QQQ by 9.1% in the 2nd quarter. Financial Advocates Investment Management now owns 8,524 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 711 shares during the period. Vontobel Holding Ltd. increased its stake in ProShares UltraPro QQQ by 4.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 17,183 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 758 shares during the period. Laurel Wealth Advisors Inc. increased its stake in ProShares UltraPro QQQ by 7.2% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 11,704 shares of the exchange traded fund’s stock valued at $681,000 after buying an additional 785 shares during the period. Finally, United Capital Financial Advisers LLC grew its stake in shares of ProShares UltraPro QQQ by 5.2% in the 2nd quarter. United Capital Financial Advisers LLC now owns 16,275 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 806 shares during the last quarter.
ProShares UltraPro QQQ Trading Up 2.2 %
NASDAQ TQQQ traded up $0.50 during trading hours on Wednesday, reaching $22.83. 1,556,941 shares of the company traded hands, compared to its average volume of 168,403,063. ProShares UltraPro QQQ has a 12 month low of $16.32 and a 12 month high of $87.49. The company has a 50 day moving average of $20.78 and a two-hundred day moving average of $25.78.
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.