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

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $41.25, but opened at $45.39. ProShares UltraPro QQQ shares last traded at $46.10, with a volume of 38,328,904 shares changing hands.

ProShares UltraPro QQQ Stock Performance

The business has a 50-day simple moving average of $68.82 and a 200 day simple moving average of $75.64. The firm has a market cap of $15.80 billion, a P/E ratio of 17.85 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.1977 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.71%.

Institutional Trading of ProShares UltraPro QQQ

Large investors have recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. lifted its position in shares of ProShares UltraPro QQQ by 2.9% in the 4th quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund’s stock worth $368,000 after purchasing an additional 132 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in ProShares UltraPro QQQ by 2.7% in the fourth quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund’s stock worth $419,000 after buying an additional 140 shares during the period. Richmond Brothers Inc. boosted its position in ProShares UltraPro QQQ by 1.9% during the 4th quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund’s stock valued at $698,000 after acquiring an additional 163 shares in the last quarter. Erickson Financial Group LLC grew its holdings in shares of ProShares UltraPro QQQ by 3.0% during the 4th quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund’s stock worth $671,000 after acquiring an additional 250 shares during the period. Finally, PayPay Securities Corp raised its position in shares of ProShares UltraPro QQQ by 119.3% in the 4th 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.

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.