ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 480,863 shares, a decline of 30.9% from the February 28th total of 696,346 shares. Based on an average daily trading volume, of 1,894,055 shares, the days-to-cover ratio is presently 0.3 days.
Shares of ProShares UltraPro QQQ ETF (NASDAQ:TQQQ) opened at 85.23 on Tuesday. ProShares UltraPro QQQ ETF has a 52-week low of $40.90 and a 52-week high of $88.50. The stock’s 50 day moving average is $83.47 and its 200 day moving average is $69.50.
About ProShares UltraPro QQQ ETF
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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