Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $67.41, but opened at $64.00. ProShares UltraPro QQQ shares last traded at $61.85, with a volume of 30,282,000 shares trading hands.
ProShares UltraPro QQQ Price Performance
The business has a fifty day moving average price of $79.68 and a two-hundred day moving average price of $77.03. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 30.83 and a beta of 3.45.
ProShares UltraPro QQQ Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2754 dividend. The ex-dividend date was Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ's previous dividend of $0.23.
Institutional Trading of ProShares UltraPro QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hanseatic Management Services Inc. grew 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 worth $368,000 after acquiring an additional 132 shares during the period. Capital Investment Advisory Services LLC grew 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 worth $419,000 after acquiring an additional 140 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in ProShares UltraPro QQQ by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund's stock worth $1,890,000 after acquiring an additional 158 shares during the period. Richmond Brothers Inc. grew 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 worth $698,000 after acquiring an additional 163 shares during the period. Finally, Erickson Financial Group LLC grew its holdings in ProShares UltraPro QQQ by 3.0% during the fourth quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund's stock worth $671,000 after acquiring an additional 250 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.
Read More
Before you consider ProShares UltraPro QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro QQQ wasn't on the list.
While ProShares UltraPro QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
