ProShares UltraPro QQQ (NASDAQ:TQQQ) Sees Significant Increase in Short Interest

Key Points

• Short interest jumped 28.7% in December to 22,743,629 shares, equal to about 4.3% of shares sold short and a short-interest ratio of just 0.3 days.
• ProShares raised the quarterly dividend to $0.0855 (from $0.05) with an ex-dividend date of Dec. 24 and a $0.34 annualized payout (≈0.6% yield), payable Dec. 31.
• TQQQ is a 3x leveraged ETF that seeks 300% of the NASDAQ‑100’s daily performance, trades with high volatility (beta 3.46) and recently traded around $54 with a 12‑month range of $17.50–$60.69.

ProShares UltraPro QQQ (NASDAQ:TQQQ - ) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 22,743,629 shares, a growth of 28.7% from the November 30th total of 17,675,247 shares. Based on an average trading volume of 82,134,339 shares, the short-interest ratio is presently 0.3 days. Approximately 4.3% of the company's stock are sold short. Approximately 4.3% of the company's stock are sold short. Based on an average trading volume of 82,134,339 shares, the short-interest ratio is presently 0.3 days.

ProShares UltraPro QQQ Stock Down 0.7%

NASDAQ TQQQ opened at $54.10 on Wednesday. The firm has a market capitalization of $28.38 billion, a PE ratio of 38.25 and a beta of 3.46. The stock's 50 day moving average is $54.21 and its 200 day moving average is $48.76. ProShares UltraPro QQQ has a twelve month low of $17.50 and a twelve month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.0855 per share. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, December 24th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in shares of ProShares UltraPro QQQ in the second quarter worth $25,000. WFA of San Diego LLC bought a new stake in ProShares UltraPro QQQ in the 2nd quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in ProShares UltraPro QQQ in the 2nd quarter worth about $30,000. BOKF NA purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth about $31,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in ProShares UltraPro QQQ during the 2nd quarter valued at about $42,000.

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.

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