Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $58.97, but opened at $65.85. ProShares UltraPro QQQ shares last traded at $64.77, with a volume of 34,544,286 shares.
ProShares UltraPro QQQ Stock Performance
The stock has a 50-day moving average of $55.28 and a 200-day moving average of $72.46. The firm has a market cap of $25.51 billion, a price-to-earnings 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. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro QQQ
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TQQQ. PayPay Securities Corp lifted its position in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after purchasing an additional 272 shares during the last quarter. MRP Capital Investments LLC bought a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $29,000. Cary Street Partners Financial LLC purchased a new position in ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Columbia River Financial Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the 1st quarter worth $47,000. Finally, Clear Investment Research LLC increased its position in ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock valued at $83,000 after buying an additional 479 shares in the last quarter.
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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