ProShares UltraPro QQQ (NASDAQ:TQQQ) Sees Large Decline in Short Interest

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 17,470,000 shares, a decline of 37.1% from the November 30th total of 27,770,000 shares. Based on an average daily volume of 42,596,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of ProShares UltraPro QQQ

A number of hedge funds have recently bought and sold shares of TQQQ. Physician Wealth Advisors Inc. raised its position in shares of ProShares UltraPro QQQ by 1.9% during the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 143 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in ProShares UltraPro QQQ by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock valued at $1,890,000 after acquiring an additional 158 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 0.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock worth $3,196,000 after acquiring an additional 178 shares during the period. Golden State Equity Partners grew its holdings in shares of ProShares UltraPro QQQ by 5.2% during the 3rd quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund’s stock worth $303,000 after purchasing an additional 205 shares in the last quarter. Finally, Lauer Wealth LLC raised its stake in shares of ProShares UltraPro QQQ by 6.4% in the third quarter. Lauer Wealth LLC now owns 4,667 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 281 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

TQQQ traded down $3.59 during midday trading on Friday, reaching $84.66. The company’s stock had a trading volume of 50,890,754 shares, compared to its average volume of 57,877,527. The company has a fifty day simple moving average of $80.69 and a 200 day simple moving average of $73.83. ProShares UltraPro QQQ has a twelve month low of $45.47 and a twelve month high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be given a dividend of $0.2754 per share. The ex-dividend date of this dividend is Monday, December 23rd. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23.

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.