ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update
ProShares UltraPro QQQ (NASDAQ: TQQQ – Get a rating) was the target of a sharp fall in short rates during the month of March. As of March 31, there was short interest totaling 11,660,000 shares, a decrease of 29.2% from the March 15 total of 16,470,000 shares. Based on an average trading volume of 116,666,100 shares, the day-to-cover ratio is currently 0.1 day.
Hedge funds have recently changed their holdings in the company. OLD Mission Capital LLC purchased a new stake in shares of ProShares UltraPro QQQ in Q3 for a value of approximately $1,728,000. Vontobel Holding SA increased its position in ProShares UltraPro QQQ shares by 106.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 14,425 shares of the exchange-traded index fund worth $1,797,000 after buying an additional 7,425 shares in the last quarter. SG Americas Securities LLC increased its position in ProShares UltraPro QQQ shares by 91.6% in the third quarter. SG Americas Securities LLC now owns 614,194 shares of the exchange-traded fund worth $76,510,000 after purchasing an additional 293,622 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new equity stake in ProShares UltraPro QQQ in Q4 for approximately $1,804,000. Finally, Dynamic Advisor Solutions LLC purchased a new equity stake in ProShares UltraPro QQQ in Q3 worth approximately $224,000.
Shares of TQQQ Stock opened at $47.00 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $39.56 and a fifty-two week high of $91.68. The company’s 50-day moving average price is $52.11 and its 200-day moving average price is $66.19.
ProShares UltraPro QQQ Company Profile (Get a rating)
Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses, that correspond to three times (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as forward contracts, swap agreements and money market instruments.
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