ProShares UltraPro QQQ Stock to Split on Thursday, November 20th (NASDAQ:TQQQ)

Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) are going to split on the morning of Thursday, November 20th. The 2-1 split was announced on Tuesday, November 4th. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 19th.

ProShares UltraPro QQQ Price Performance

TQQQ opened at $104.74 on Friday. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $121.37. The firm has a market capitalization of $27.47 billion, a PE ratio of 38.25 and a beta of 3.46. The company’s 50-day moving average is $105.45 and its 200 day moving average is $88.67.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.0978 per share. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 24th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Institutional investors have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new position in ProShares UltraPro QQQ during the 2nd quarter worth $395,951,000. Howard Capital Management Inc. lifted its position in shares of ProShares UltraPro QQQ by 1,071.0% during the second quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock valued at $404,067,000 after purchasing an additional 4,440,578 shares in the last quarter. IMC Chicago LLC boosted its holdings in ProShares UltraPro QQQ by 9,296.8% during the second quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock worth $96,953,000 after purchasing an additional 1,155,681 shares during the last quarter. Jump Financial LLC bought a new stake in ProShares UltraPro QQQ in the 1st quarter worth about $53,458,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter valued at about $54,068,000.

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.