ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $68.29, but opened at $65.09. ProShares UltraPro QQQ shares last traded at $66.36, with a volume of 41,479,397 shares traded.
ProShares UltraPro QQQ Trading Down 2.9%
The stock has a market cap of $25.68 billion, a price-to-earnings ratio of 32.04 and a beta of 3.45. The stock has a 50-day moving average price of $56.64 and a two-hundred day moving average price of $71.97.
ProShares UltraPro QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.1977 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.19%.
Hedge Funds Weigh In On ProShares UltraPro QQQ
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oriental Harbor Investment Fund raised its stake in ProShares UltraPro QQQ by 47.3% in the 1st quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund's stock worth $86,488,000 after acquiring an additional 486,506 shares during the last quarter. Jump Financial LLC purchased a new position in ProShares UltraPro QQQ in the 1st quarter worth $53,458,000. Goldman Sachs Group Inc. raised its stake in shares of ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock valued at $29,821,000 after buying an additional 508,444 shares during the last quarter. PPSC Investment Service Corp raised its stake in shares of ProShares UltraPro QQQ by 16.3% during the 1st quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock valued at $29,758,000 after buying an additional 72,930 shares during the last quarter. Finally, TB Alternative Assets Ltd. purchased a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $26,495,000.
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.
Read More
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
