ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report)'s stock price traded up 9.5% on Tuesday . The company traded as high as $45.55 and last traded at $45.84. 65,847,613 shares traded hands during trading, an increase of 4% from the average session volume of 63,412,552 shares. The stock had previously closed at $41.86.
ProShares UltraPro QQQ Trading Up 7.3 %
The stock's 50-day moving average price is $62.78 and its 200-day moving average price is $74.28. The company has a market capitalization of $18.25 billion, a P/E ratio of 17.85 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.76%.
Institutional Trading of ProShares UltraPro QQQ
Institutional investors and hedge funds have recently made changes to their positions in the stock. PayPay Securities Corp grew its stake in ProShares UltraPro QQQ by 119.3% during the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock worth $40,000 after buying an additional 272 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at $47,000. Clear Investment Research LLC grew its position in shares of ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund's stock worth $83,000 after acquiring an additional 479 shares during the last quarter. Beacon Capital Management LLC increased its holdings in shares of ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock worth $104,000 after acquiring an additional 450 shares during the period. Finally, Canton Hathaway LLC bought a new stake in ProShares UltraPro QQQ in the 1st quarter valued at about $118,000.
ProShares UltraPro QQQ Company Profile
(
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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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