ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) shares fell 6.9% on Monday . The company traded as low as $42.79 and last traded at $42.05. 16,378,272 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 63,014,149 shares. The stock had previously closed at $45.16.
ProShares UltraPro QQQ Trading Up 3.3 %
The business's fifty day moving average price is $59.59 and its 200-day moving average price is $73.65. The company has a market capitalization of $22.42 billion, a P/E ratio of 27.46 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.47%.
Institutional Investors Weigh In On ProShares UltraPro QQQ
A number of hedge funds have recently made changes to their positions in TQQQ. Oriental Harbor Investment Fund purchased a new position in ProShares UltraPro QQQ in the 3rd quarter worth $82,199,000. TB Alternative Assets Ltd. bought a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at about $26,495,000. Avidian Wealth Enterprises LLC boosted its holdings in ProShares UltraPro QQQ by 103.9% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 366,450 shares of the exchange traded fund's stock valued at $20,998,000 after acquiring an additional 186,716 shares during the period. Tidal Investments LLC bought a new position in ProShares UltraPro QQQ during the 3rd quarter worth approximately $11,598,000. Finally, Paragon Advisors LLC increased its stake in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock worth $18,509,000 after purchasing an additional 144,755 shares during the period.
About ProShares UltraPro QQQ
(
Get Free Report)
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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