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

ProShares UltraPro QQQ (NASDAQ:TQQQ) shares gapped up prior to trading on Friday . The stock had previously closed at $79.23, but opened at $83.69. ProShares UltraPro QQQ shares last traded at $82.73, with a volume of 14,640,790 shares changing hands.

ProShares UltraPro QQQ Price Performance

The stock’s fifty day moving average price is $82.18 and its two-hundred day moving average price is $74.34.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2754 dividend. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares UltraPro QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of TQQQ. Oriental Harbor Investment Fund acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $82,199,000. IMC Chicago LLC grew its position in shares of ProShares UltraPro QQQ by 1,145.4% in the 3rd 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 3rd quarter valued at $21,747,000. International Assets Investment Management LLC grew its position 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 buying an additional 285,155 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $11,598,000.

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.