ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) shares traded down 8.2% during trading on Friday . The company traded as low as $57.30 and last traded at $57.22. 70,119,967 shares changed hands during trading, an increase of 24% from the average session volume of 56,736,470 shares. The stock had previously closed at $62.30.
ProShares UltraPro QQQ Stock Up 2.3 %
The firm has a 50 day moving average price of $74.76 and a 200 day moving average price of $76.95. The stock has a market capitalization of $18.00 billion, a PE ratio of 26.02 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be issued a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, March 26th.
Hedge Funds Weigh In On ProShares UltraPro QQQ
Hedge funds have recently modified their holdings of the company. Alpha Wealth Funds LLC bought a new stake in ProShares UltraPro QQQ during the fourth quarter worth $1,878,000. Menard Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth $146,000. Blue Sky Capital Consultants Group Inc. bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at about $1,964,000. Stuart Chaussee & Associates Inc. purchased a new stake in ProShares UltraPro QQQ during the fourth quarter worth about $1,473,000. Finally, Main Street Group LTD raised its position in ProShares UltraPro QQQ by 1.5% in the fourth quarter. Main Street Group LTD now owns 48,567 shares of the exchange traded fund's stock worth $3,843,000 after acquiring an additional 702 shares during the period.
ProShares UltraPro QQQ Company Profile
(
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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