Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) fell 13.8% on Monday . The company traded as low as $35.00 and last traded at $35.40. 58,787,654 shares were traded during trading, an increase of 0% from the average session volume of 58,644,932 shares. The stock had previously closed at $41.09.
ProShares UltraPro QQQ Stock Up 5.3 %
The stock's 50-day moving average price is $67.43 and its 200-day moving average price is $75.31. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Wednesday, March 26th.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its position in ProShares UltraPro QQQ by 121.2% during the 3rd 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. World Investment Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 11.8% during the third quarter. World Investment Advisors LLC now owns 15,987 shares of the exchange traded fund's stock worth $1,159,000 after purchasing an additional 1,684 shares during the last quarter. Tidal Investments LLC bought a new position in ProShares UltraPro QQQ in the third quarter valued at $11,598,000. Oriental Harbor Investment Fund bought a new position in ProShares UltraPro QQQ in the third quarter valued at $82,199,000. Finally, JPMorgan Chase & Co. increased its stake in ProShares UltraPro QQQ by 55.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,951 shares of the exchange traded fund's stock valued at $1,229,000 after buying an additional 6,039 shares during the last quarter.
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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