ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Down 8.2% – Here’s What Happened

Posted by Tammy Falkenburg on Mar 30th, 2025

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report)’s share price dropped 8.2% during trading on Friday . The company traded as low as $57.30 and last traded at $57.22. Approximately 70,119,967 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 56,736,470 shares. The stock had previously closed at $62.30.

ProShares UltraPro QQQ Stock Down 8.0 %

The company has a market cap of $17.61 billion, a P/E ratio of 26.02 and a beta of 3.45. The firm has a fifty day moving average price of $75.80 and a 200 day moving average price of $76.99.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be given a $0.1977 dividend. This represents a $0.79 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, March 26th.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Large investors have recently modified their holdings of the stock. Oriental Harbor Investment Fund bought a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $82,199,000. BNP Paribas Financial Markets acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $21,747,000. Tidal Investments LLC bought a new stake in shares of ProShares UltraPro QQQ during the third quarter worth $11,598,000. SBI Securities Co. Ltd. acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at $9,970,000. Finally, Finward Bancorp bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $8,775,000.

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.