ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $62.18, but opened at $65.06. ProShares UltraPro QQQ shares last traded at $65.65, with a volume of 13,178,560 shares.
ProShares UltraPro QQQ Stock Down 8.0 %
The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 26.02 and a beta of 3.45. The stock's 50-day simple moving average is $75.80 and its two-hundred day simple moving average is $76.99.
ProShares UltraPro QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be issued a $0.1977 dividend. This represents a $0.79 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 26th.
Hedge Funds Weigh In On ProShares UltraPro QQQ
Several hedge funds and other institutional investors have recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in ProShares UltraPro QQQ in the 4th quarter valued at $791,000. Chung Wu Investment Group LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth $983,000. Drive Wealth Management LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $1,108,000. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ in the third quarter worth about $82,199,000. Finally, HighTower Advisors LLC boosted its position in ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund's stock worth $896,000 after acquiring an additional 6,788 shares during the last quarter.
ProShares UltraPro QQQ Company Profile
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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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