ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up – Here’s What Happened

ProShares UltraPro QQQ (NASDAQ:TQQQ) gapped up prior to trading on Monday . The stock had previously closed at $58.97, but opened at $65.85. ProShares UltraPro QQQ shares last traded at $64.77, with a volume of 34,544,286 shares changing hands.

ProShares UltraPro QQQ Stock Performance

The firm has a fifty day moving average price of $55.28 and a 200 day moving average price of $72.46. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.20%.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MRP Capital Investments LLC acquired a new position in shares of ProShares UltraPro QQQ during the 1st quarter worth about $29,000. PayPay Securities Corp increased its position in shares of ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 272 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at about $47,000. Columbia River Financial Group LLC bought a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $47,000. Finally, Clear Investment Research LLC boosted its stake in 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 in the last quarter.

ProShares UltraPro QQQ Company Profile

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.