ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) were down 6.9% during trading on Monday . The stock traded as low as $42.79 and last traded at $42.05. Approximately 16,378,272 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 63,014,149 shares. The stock had previously closed at $45.16.
ProShares UltraPro QQQ Price Performance
The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. The business has a fifty day moving average of $63.64 and a 200 day moving average of $74.49.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.1977 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, March 26th.
Institutional Trading of ProShares UltraPro QQQ
A number of institutional investors and hedge funds have recently made changes to their positions in TQQQ. Oriental Harbor Investment Fund bought a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at approximately $82,199,000. PPSC Investment Service Corp lifted its stake in shares of ProShares UltraPro QQQ by 16.3% in the first quarter. PPSC Investment Service Corp now owns 519,345 shares of the exchange traded fund's stock worth $29,758,000 after buying an additional 72,930 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter worth $26,495,000. Paragon Advisors LLC grew its stake in ProShares UltraPro QQQ by 81.2% in the 1st quarter. Paragon Advisors LLC now owns 323,011 shares of the exchange traded fund's stock valued at $18,509,000 after buying an additional 144,755 shares during the last quarter. Finally, Ridgepath Capital Management LLC raised its holdings in ProShares UltraPro QQQ by 21.0% in the 4th quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund's stock worth $12,929,000 after acquiring an additional 28,341 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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