ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update

Key Points

• Short interest fell 26.0% in February to 22,781,505 shares (about 4.2% of shares outstanding), leaving a very low short-interest ratio of 0.3 days based on average trading volume.
• ProShares raised the quarterly dividend to $0.0855 (annualized $0.34), reflecting a yield of roughly 0.7%.
• Significant institutional buying: several funds materially increased positions—Howard Capital (+83.6% to ~8.47M shares), Oriental Harbor (+100%), Cantor Fitzgerald (+823.5%) and Citigroup (+3,108%)—indicating strong demand from large investors.

ProShares UltraPro QQQ (NASDAQ:TQQQ - ) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 22,781,505 shares, a decline of 26.0% from the February 12th total of 30,780,088 shares. Approximately 4.2% of the company's shares are sold short. Based on an average trading volume of 81,434,514 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 81,434,514 shares, the short-interest ratio is currently 0.3 days. Approximately 4.2% of the company's shares are sold short.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ traded down $0.90 on Friday, reaching $45.93. The company had a trading volume of 141,269,771 shares, compared to its average volume of 101,849,438. ProShares UltraPro QQQ has a 1 year low of $17.50 and a 1 year high of $60.69. The firm has a 50-day moving average of $51.59 and a 200-day moving average of $51.98. The firm has a market capitalization of $24.65 billion, a PE ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0855 per share. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 24th. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Several institutional investors and hedge funds have recently made changes to their positions in TQQQ. Howard Capital Management Inc. raised its holdings in shares of ProShares UltraPro QQQ by 83.6% during the fourth quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund's stock valued at $446,289,000 after buying an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund grew its holdings in ProShares UltraPro QQQ by 100.0% in the 4th quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund's stock worth $126,614,000 after buying an additional 1,200,820 shares in the last quarter. Cantor Fitzgerald L. P. increased its position in ProShares UltraPro QQQ by 823.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund's stock valued at $80,550,000 after acquiring an additional 694,661 shares during the period. PPSC Investment Service Corp increased its position in ProShares UltraPro QQQ by 116.1% in the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund's stock valued at $65,836,000 after acquiring an additional 671,023 shares during the period. Finally, Citigroup Inc. raised its stake in ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund's stock valued at $62,206,000 after acquiring an additional 621,603 shares in the last quarter.

About ProShares UltraPro QQQ

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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