ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 35,990,000 shares, a drop of 15.5% from the March 31st total of 42,610,000 shares. Based on an average trading volume of 72,915,200 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Several large investors have recently bought and sold shares of the business. Sandy Spring Bank raised its position in shares of ProShares UltraPro QQQ by 1,113.0% during the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 512 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 4th quarter worth approximately $29,000. National Bank of Canada FI boosted its holdings in shares of ProShares UltraPro QQQ by 9,910.0% in the 3rd quarter. National Bank of Canada FI now owns 1,001 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 991 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in ProShares UltraPro QQQ in the first quarter valued at $37,000. Finally, BluePath Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the 3rd quarter worth approximately $47,000.

ProShares UltraPro QQQ Stock Down 3.6 %

ProShares UltraPro QQQ stock traded down $2.04 during trading on Tuesday, reaching $53.90. The stock had a trading volume of 50,661,488 shares, compared to its average volume of 73,685,664. ProShares UltraPro QQQ has a 52-week low of $26.28 and a 52-week high of $64.13. The business has a 50 day moving average price of $58.82 and a 200 day moving average price of $51.06.

ProShares UltraPro QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were given a dividend of $0.2151 per share. The ex-dividend date was Wednesday, March 20th.

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.