Squarepoint Ops LLC lessened its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) by 23.6% in the second quarter, HoldingsChannel reports. The fund owned 46,046 shares of the exchange traded fund’s stock after selling 14,203 shares during the period. Squarepoint Ops LLC’s holdings in ProShares UltraPro QQQ were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Cantor Fitzgerald L. P. grew its position in shares of ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock valued at $80,550,000 after purchasing an additional 694,661 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in ProShares UltraPro QQQ by 4,237.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after purchasing an additional 508,444 shares during the period. Independent Financial Group LLC acquired a new position in ProShares UltraPro QQQ in the 1st quarter valued at $12,430,000. Group One Trading LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter valued at $14,689,000. Finally, Jump Financial LLC bought a new position in ProShares UltraPro QQQ during the 4th quarter worth $11,784,000.
ProShares UltraPro QQQ Price Performance
TQQQ stock opened at $70.98 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $37.32 and a fifty-two week high of $88.09. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71. The business’s fifty day moving average price is $71.04 and its two-hundred day moving average price is $65.82.
ProShares UltraPro QQQ Company Profile
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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.
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Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report).
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