ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Down 37.1% in December

ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 17,470,000 shares, a drop of 37.1% from the November 30th total of 27,770,000 shares. Based on an average daily trading volume, of 42,596,200 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ traded down $3.59 during trading on Friday, reaching $84.66. 50,890,754 shares of the company's stock traded hands, compared to its average volume of 57,877,527. ProShares UltraPro QQQ has a fifty-two week low of $45.47 and a fifty-two week high of $93.79. The company has a 50-day simple moving average of $80.69 and a 200-day simple moving average of $73.80.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.2754 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.23.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Ironwood Wealth Management LLC. acquired a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at $236,000. HB Wealth Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $209,000. International Assets Investment Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $148,000. Hantz Financial Services Inc. purchased a new position in ProShares UltraPro QQQ in the 2nd quarter valued at about $68,000. Finally, Fortress Wealth Group LLC boosted its holdings in ProShares UltraPro QQQ by 4.0% in the 2nd quarter. Fortress Wealth Group LLC now owns 8,087 shares of the exchange traded fund's stock worth $593,000 after buying an additional 312 shares during 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.