ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Pass Above Fifty Day Moving Average of $61.50

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $61.50 and traded as high as $60.09. ProShares UltraPro QQQ shares last traded at $59.98, with a volume of 807,123 shares traded.

The stock has a fifty day moving average of $61.50 and a 200 day moving average of $61.32.

A number of institutional investors have recently modified their holdings of TQQQ. IMC Chicago LLC lifted its holdings in ProShares UltraPro QQQ by 387.2% during the second quarter. IMC Chicago LLC now owns 163,444 shares of the exchange traded fund’s stock worth $10,096,000 after acquiring an additional 129,895 shares during the period. WT Asset Management Ltd lifted its holdings in ProShares UltraPro QQQ by 33.5% during the second quarter. WT Asset Management Ltd now owns 181,000 shares of the exchange traded fund’s stock worth $11,180,000 after acquiring an additional 45,400 shares during the period. DRW Securities LLC bought a new stake in ProShares UltraPro QQQ during the second quarter worth $2,301,000. Coastal Investment Advisors Inc. lifted its holdings in ProShares UltraPro QQQ by 28,263.2% during the second quarter. Coastal Investment Advisors Inc. now owns 33,185 shares of the exchange traded fund’s stock worth $2,048,000 after acquiring an additional 33,068 shares during the period. Finally, XR Securities LLC bought a new stake in ProShares UltraPro QQQ during the second quarter worth $562,000.

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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