ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 22,010,000 shares, a decline of 41.8% from the March 31st total of 37,820,000 shares. Based on an average trading volume of 103,716,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 5.3% of the shares of the company are short sold.
Hedge Funds Weigh In On ProShares UltraPro QQQ
Institutional investors and hedge funds have recently made changes to their positions in the business. PayPay Securities Corp grew its stake in shares of ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after purchasing an additional 272 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in ProShares UltraPro QQQ during the 4th quarter valued at $47,000. Columbia River Financial Group LLC purchased a new stake in ProShares UltraPro QQQ during the 1st quarter valued at $47,000. Clear Investment Research LLC raised its stake 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 during the last quarter. Finally, Wolff Wiese Magana LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at $94,000.
ProShares UltraPro QQQ Trading Up 3.4 %
Shares of TQQQ stock traded up $1.89 during trading on Thursday, reaching $56.77. 101,497,890 shares of the company's stock traded hands, compared to its average volume of 64,747,182. The company has a market capitalization of $21.98 billion, a P/E ratio of 27.46 and a beta of 3.45. The firm's 50-day moving average is $57.11 and its 200 day moving average is $73.11. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79.
ProShares UltraPro QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Wednesday, March 26th.
About ProShares UltraPro QQQ
(
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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.
Further Reading
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