ProShares UltraPro QQQ (NASDAQ:TQQQ) Trading 7% Higher

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Rating) shares rose 7% during mid-day trading on Monday . The stock traded as high as $21.88 and last traded at $21.81. Approximately 106,011,359 shares were traded during trading, a decline of 41% from the average daily volume of 179,624,563 shares. The stock had previously closed at $20.39.

ProShares UltraPro QQQ Stock Performance

The stock’s 50-day moving average is $19.98 and its 200-day moving average is $23.96.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were paid a $0.098 dividend. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.01. This represents a $0.39 annualized dividend and a yield of 1.81%. The ex-dividend date was Thursday, December 22nd.

Institutional Trading of ProShares UltraPro QQQ

A number of hedge funds have recently added to or reduced their stakes in the business. Visionary Wealth Advisors acquired a new stake in shares of ProShares UltraPro QQQ in the second quarter worth approximately $364,000. Sheaff Brock Investment Advisors LLC increased its holdings in shares of ProShares UltraPro QQQ by 42.5% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 34,186 shares of the exchange traded fund’s stock worth $820,000 after buying an additional 10,200 shares during the last quarter. Dfpg Investments LLC raised its position in shares of ProShares UltraPro QQQ by 110.0% in the 2nd quarter. Dfpg Investments LLC now owns 13,000 shares of the exchange traded fund’s stock worth $340,000 after buying an additional 6,810 shares during the period. OLD National Bancorp IN acquired a new position in ProShares UltraPro QQQ in the second quarter valued at $1,991,000. Finally, Cerity Partners LLC grew its position in ProShares UltraPro QQQ by 166.0% during the second quarter. Cerity Partners LLC now owns 11,689 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 7,295 shares during the period.

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.