ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down – What’s Next?

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s share price gapped down before the market opened on Monday . The stock had previously closed at $86.75, but opened at $77.58. ProShares UltraPro QQQ shares last traded at $80.48, with a volume of 32,728,719 shares.

ProShares UltraPro QQQ Stock Up 4.4 %

The company’s 50 day simple moving average is $82.95 and its 200-day simple moving average is $74.50.

ProShares UltraPro QQQ Increases Dividend

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

Hedge Funds Weigh In On ProShares UltraPro QQQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oriental Harbor Investment Fund bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $82,199,000. IMC Chicago LLC grew its stake in shares of ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock valued at $40,656,000 after buying an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraPro QQQ in the third quarter worth about $21,747,000. International Assets Investment Management LLC lifted its stake in shares of ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after acquiring an additional 285,155 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in ProShares UltraPro QQQ during the 3rd quarter valued at about $11,598,000.

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.