ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 26,909,349 shares, a drop of 14.0% from the March 31st total of 31,272,744 shares. Currently, 5.0% of the company’s shares are short sold. Based on an average daily volume of 88,818,133 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On ProShares UltraPro QQQ

A number of institutional investors have recently bought and sold shares of TQQQ. Howard Capital Management Inc. increased its stake in ProShares UltraPro QQQ by 83.6% in the 4th quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock worth $446,289,000 after purchasing an additional 3,855,510 shares in the last quarter. Oriental Harbor Investment Master Fund increased its stake in ProShares UltraPro QQQ by 100.0% in the 4th quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after purchasing an additional 1,200,820 shares in the last quarter. Cantor Fitzgerald L. P. increased its stake in ProShares UltraPro QQQ by 823.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after purchasing an additional 694,661 shares in the last quarter. PPSC Investment Service Corp increased its stake in ProShares UltraPro QQQ by 116.1% in the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock worth $65,836,000 after purchasing an additional 671,023 shares in the last quarter. Finally, Citigroup Inc. increased its stake in ProShares UltraPro QQQ by 3,108.0% in the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock worth $62,206,000 after purchasing an additional 621,603 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 2.8%

Shares of TQQQ opened at $65.30 on Friday. The business’s 50-day moving average price is $49.87 and its 200 day moving average price is $52.22. The stock has a market capitalization of $32.41 billion, a P/E ratio of 38.25 and a beta of 3.53. ProShares UltraPro QQQ has a 1-year low of $27.54 and a 1-year high of $65.84.

About ProShares UltraPro QQQ

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.