ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Up 30.9% in January

ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 22,770,000 shares, a growth of 30.9% from the December 31st total of 17,400,000 shares. Based on an average daily volume of 45,013,000 shares, the days-to-cover ratio is currently 0.5 days.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ traded up $2.93 during trading on Tuesday, reaching $83.65. The stock had a trading volume of 41,875,232 shares, compared to its average volume of 53,618,527. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79. The business has a fifty day moving average price of $83.36 and a 200-day moving average price of $74.72.

ProShares UltraPro QQQ Increases Dividend

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

Hedge Funds Weigh In On ProShares UltraPro QQQ

Several institutional investors have recently added to or reduced their stakes in TQQQ. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. IMC Chicago LLC raised its stake in ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund's stock worth $40,656,000 after purchasing an additional 515,815 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $21,747,000. International Assets Investment Management LLC grew its stake in shares of ProShares UltraPro QQQ by 14,257.8% during the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund's stock valued at $20,816,000 after buying an additional 285,155 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter worth $11,598,000.

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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.