3,480 Shares in ProShares UltraPro QQQ (NASDAQ:TQQQ) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,480 shares of the exchange traded fund’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PayPay Securities Corp increased its position in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 272 shares during the period. Clear Investment Research LLC boosted its stake in shares of ProShares UltraPro QQQ by 83.3% in the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 479 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $109,000. Sepio Capital LP bought a new stake in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $201,000. Finally, James J. Burns & Company LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $206,000.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $59.43 on Friday. The company has a fifty day moving average price of $56.75 and a two-hundred day moving average price of $73.02. The firm has a market capitalization of $23.01 billion, a PE ratio of 27.46 and a beta of 3.45. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.33%.

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.