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ProShares UltraPro QQQ (TQQQ) Short Interest Up 20.9% in June

Defense World2022-07-07

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Rating) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 21,900,000 shares, a growth of 20.9% from the May 31st total of 18,120,000 shares. Based on an average trading volume of 157,782,400 shares, the days-to-cover ratio is presently 0.1 days.

A number of hedge funds have recently modified their holdings of TQQQ.

  • Morgan Stanley raised its holdings in ProShares UltraPro QQQ by 1,810.9% during the 3rd quarter. Morgan Stanley now owns 100,495 shares of the exchange traded fund’s stock valued at $12,519,000 after acquiring an additional 95,236 shares during the period.
  • Captrust Financial Advisors purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $61,000.
  • IFP Advisors Inc grew its position in shares of ProShares UltraPro QQQ by 755.0% during the 4th quarter. IFP Advisors Inc now owns 1,710 shares of the exchange traded fund’s stock valued at $285,000 after purchasing an additional 1,510 shares in the last quarter.
  • MADDEN SECURITIES Corp grew its position in shares of ProShares UltraPro QQQ by 119.4% during the 4th quarter. MADDEN SECURITIES Corp now owns 20,306 shares of the exchange traded fund’s stock valued at $3,377,000 after purchasing an additional 11,051 shares in the last quarter.
  • Finally, Spire Wealth Management grew its position in shares of ProShares UltraPro QQQ by 67.4% during the 4th quarter. Spire Wealth Management now owns 2,815 shares of the exchange traded fund’s stock valued at $468,000 after purchasing an additional 1,133 shares in the last quarter.

Shares of TQQQ stock opened at $26.14 on Thursday. The company’s fifty day simple moving average is $29.51 and its two-hundred day simple moving average is $48.13. ProShares UltraPro QQQ has a 1 year low of $21.32 and a 1 year high of $91.68.

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment13

  • dhf1354
    ·2022-07-12
    Cool
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  • Pepermintpat
    ·2022-07-08
    Cool
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  • tigernaut
    ·2022-07-07
    👍
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  • nancyrojo
    ·2022-07-07
    🤣🤣🤣🤣
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  • CIG
    ·2022-07-07
    I expect SQQQ to hit 70-80.
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  • AARON Y
    ·2022-07-07
    Sorry guys, may i know what's the different of SQQQ vs TQQQ vs QQQM?[Glance]   Tq...
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    • LMSunshine
      To go to my homepage, click on the snoopy & woodstock icon
      2022-07-23
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    • LMSunshine
      Thanks for following me, appreciate it loads 🤗 R u new to the Tiger community? WELCOME 🥳🥳🥳
      2022-07-23
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    • LMSunshine
      QQQM can hold long term but TQQQ & SQQQ are meant for ONLY short term or daily trades.I don’t hold short-term hold coz of the risks involved.i only trade daily
      2022-07-23
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    View more 2 comments
  • hynne
    ·2022-07-07
    l
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  • Thalos
    ·2022-07-07
    Good read
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  • letshuat
    ·2022-07-07
    Don't ever try $TQQQ  at this moment unless you know what you are doing. Coming non farm payroll and July rates hike going to whack this upside down
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  • Daniel12321
    ·2022-07-07
    Great
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  • Bogdanoff
    ·2022-07-07
    why not just buy $SQQQ instead? 
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  • Pepermintpat
    ·2022-07-07
    Am trying to understand this
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  • HH浩
    ·2022-07-07
    So many people are shorting NASDAQ... @TigerEvents@TigerClub
    Reply
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