ProShares UltraPro QQQ (NASDAQ:TQQQ) Stock Price Down 9.2%

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price traded down 9.2% on Friday . The company traded as low as $55.08 and last traded at $55.78, 37,750,867 shares changed hands during mid-day trading. An increase of 104% from the average session volume of 18,523,254 shares. The stock had previously closed at $61.40.

The stock has a 50-day moving average of $64.08 and a two-hundred day moving average of $58.93.

Large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $272,000. Weaver Consulting Group bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $100,000. Crosspoint Capital Strategies LLC bought a new stake in ProShares UltraPro QQQ in the first quarter valued at approximately $1,997,000. First Midwest Bank Trust Division lifted its position in ProShares UltraPro QQQ by 53.4% in the first quarter. First Midwest Bank Trust Division now owns 14,500 shares of the exchange traded fund’s stock valued at $822,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Coastal Investment Advisors Inc. lifted its position in ProShares UltraPro QQQ by 28,263.2% in the second quarter. Coastal Investment Advisors Inc. now owns 33,185 shares of the exchange traded fund’s stock valued at $2,048,000 after purchasing an additional 33,068 shares during the last quarter.

ProShares UltraPro QQQ Company Profile (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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