ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 22,781,505 shares, a decline of 26.0% from the February 12th total of 30,780,088 shares. Based on an average daily volume of 81,434,514 shares, the days-to-cover ratio is currently 0.3 days. Currently, 4.2% of the company’s stock are short sold. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 81,434,514 shares, the days-to-cover ratio is currently 0.3 days.
ProShares UltraPro QQQ Trading Down 1.9%
NASDAQ:TQQQ traded down $0.90 on Friday, hitting $45.93. 141,269,771 shares of the company’s stock traded hands, compared to its average volume of 101,849,438. The company has a market cap of $24.65 billion, a PE ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 1 year low of $17.50 and a 1 year high of $60.69. The firm has a 50-day moving average price of $51.59 and a 200-day moving average price of $51.98.
ProShares UltraPro QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a dividend of $0.0855 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 dividend on an annualized basis and a yield of 0.7%.
Institutional Investors Weigh In On ProShares UltraPro QQQ
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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.
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