ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report)'s share price 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 traded.
ProShares UltraPro QQQ Stock Up 1.2%
The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. The company's 50-day simple moving average is $55.74 and its 200 day simple moving average is $72.29.
ProShares UltraPro QQQ Cuts Dividend
The company also recently declared 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 1.11%. The ex-dividend date was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro QQQ
A number of hedge funds have recently bought and sold shares of the company. Hanseatic Management Services Inc. boosted its holdings in ProShares UltraPro QQQ by 2.9% during the fourth quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund's stock valued at $368,000 after acquiring an additional 132 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in ProShares UltraPro QQQ by 2.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund's stock valued at $419,000 after acquiring an additional 140 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in ProShares UltraPro QQQ by 2.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock valued at $326,000 after acquiring an additional 158 shares during the period. Richmond Brothers Inc. boosted its holdings in ProShares UltraPro QQQ by 1.9% during the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund's stock valued at $698,000 after acquiring an additional 163 shares during the period. Finally, Family Capital Management Inc. boosted its holdings in ProShares UltraPro QQQ by 5.0% during the first quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after acquiring an additional 210 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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