Short Interest in ProShares UltraPro QQQ (NASDAQ:TQQQ) Rises By 28.7%

by · The Cerbat Gem

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 22,743,629 shares, a growth of 28.7% from the November 30th total of 17,675,247 shares. Based on an average daily volume of 82,134,339 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.3% of the company’s shares are short sold. Approximately 4.3% of the company’s shares are short sold. Based on an average daily volume of 82,134,339 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraPro QQQ Trading Down 2.6%

NASDAQ TQQQ opened at $52.72 on Friday. The stock has a fifty day simple moving average of $54.20 and a 200-day simple moving average of $48.82. The stock has a market cap of $27.65 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a twelve month low of $17.50 and a twelve month high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.0855 per share. This represents a $0.34 annualized dividend and a yield of 0.6%. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in TQQQ. Northwestern Mutual Wealth Management Co. increased its holdings in ProShares UltraPro QQQ by 3.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,312 shares of the exchange traded fund’s stock valued at $476,000 after purchasing an additional 310 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of ProShares UltraPro QQQ during the first quarter worth $1,132,000. Integrated Wealth Concepts LLC boosted its position in shares of ProShares UltraPro QQQ by 19.2% during the first quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund’s stock worth $285,000 after buying an additional 799 shares during the period. Sepio Capital LP grew its stake in shares of ProShares UltraPro QQQ by 313.9% in the first quarter. Sepio Capital LP now owns 10,496 shares of the exchange traded fund’s stock valued at $601,000 after buying an additional 7,960 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of ProShares UltraPro QQQ by 4,237.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock valued at $29,821,000 after buying an additional 508,444 shares during the period.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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