ProShares UltraPro QQQ (NASDAQ:TQQQ) Trading Down 5.8% – Here’s What Happened

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price traded down 5.8% during trading on Tuesday . The company traded as low as $59.20 and last traded at $59.46. 39,078,623 shares were traded during trading, a decline of 30% from the average session volume of 55,894,546 shares. The stock had previously closed at $63.09.

ProShares UltraPro QQQ Trading Up 0.7 %

The business’s fifty day moving average price is $78.04 and its 200 day moving average price is $76.93. The company has a market capitalization of $21.11 billion, a P/E ratio of 26.02 and a beta of 3.47.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC increased its position in shares of ProShares UltraPro QQQ by 30.5% during the 3rd quarter. Cerity Partners LLC now owns 29,339 shares of the exchange traded fund’s stock worth $2,127,000 after purchasing an additional 6,857 shares in the last quarter. Family Capital Management Inc. increased its position in ProShares UltraPro QQQ by 16.4% in the 3rd quarter. Family Capital Management Inc. now owns 4,342 shares of the exchange traded fund’s stock valued at $315,000 after acquiring an additional 613 shares in the last quarter. Larson Financial Group LLC increased its position in ProShares UltraPro QQQ by 1,003.8% in the 3rd quarter. Larson Financial Group LLC now owns 26,336 shares of the exchange traded fund’s stock valued at $1,909,000 after acquiring an additional 23,950 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in ProShares UltraPro QQQ by 7.2% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,101 shares of the exchange traded fund’s stock valued at $515,000 after acquiring an additional 474 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in ProShares UltraPro QQQ in the 3rd quarter valued at about $21,747,000.

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.