ProShares UltraPro QQQ (NASDAQ:TQQQ)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.06 and traded as low as $65.12. ProShares UltraPro QQQ shares last traded at $65.46, with a volume of 507,118 shares traded.
The company has a 50-day moving average of $61.77 and a 200 day moving average of $60.06.
Institutional investors have recently bought and sold shares of the stock. Mycio Wealth Partners LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $42,000. Advisory Services Network LLC lifted its position in shares of ProShares UltraPro QQQ by 104.3% during the 1st quarter. Advisory Services Network LLC now owns 817 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 417 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth approximately $52,000. Rehmann Capital Advisory Group bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $88,000. Finally, Weaver Consulting Group bought a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth approximately $100,000.
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.
Read More: Why do corrections happen?
Receive News & Ratings for ProShares UltraPro QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ and related companies with MarketBeat.com's FREE daily email newsletter.