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

ProShares UltraPro QQQ (NASDAQ:TQQQGet 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

(Get Rating)

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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