ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Up 30.9% in January

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 22,770,000 shares, an increase of 30.9% from the December 31st total of 17,400,000 shares. Based on an average daily trading volume, of 45,013,000 shares, the days-to-cover ratio is currently 0.5 days.

ProShares UltraPro QQQ Price Performance

NASDAQ:TQQQ traded down $0.45 during trading hours on Friday, hitting $82.72. 59,011,036 shares of the company’s stock traded hands, compared to its average volume of 53,039,883. ProShares UltraPro QQQ has a 52 week low of $48.80 and a 52 week high of $93.79. The business’s fifty day simple moving average is $83.16 and its two-hundred day simple moving average is $74.61.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Institutional investors have recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth approximately $32,000. 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 valued at $40,000 after buying an additional 272 shares during the period. Signaturefd LLC raised its stake in ProShares UltraPro QQQ by 153.8% in the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 655 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the fourth quarter worth about $109,000. Finally, Farther Finance Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 235.7% in the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after buying an additional 1,082 shares during the period.

About ProShares UltraPro QQQ

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.