ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up to $73.55

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Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) gapped up prior to trading on Wednesday . The stock had previously closed at $72.41, but opened at $73.55. ProShares UltraPro QQQ shares last traded at $74.64, with a volume of 10,946,733 shares changing hands.

The stock’s fifty day moving average price is $72.21 and its 200-day moving average price is $64.04.

Institutional investors have recently bought and sold shares of the stock. Private Ocean LLC acquired a new position in ProShares UltraPro QQQ during the third quarter worth approximately $25,000. Mycio Wealth Partners LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $42,000. AE Wealth Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $239,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $330,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $364,000.

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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