Short Interest in ProShares UltraPro QQQ (NASDAQ:TQQQ) Decreases By 26.0%

ProShares UltraPro QQQ (NASDAQ:TQQQGet 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TQQQ. WFA of San Diego LLC bought a new position in shares of ProShares UltraPro QQQ during the 2nd quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in ProShares UltraPro QQQ in the second quarter worth $30,000. CoreCap Advisors LLC increased its position in ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 240 shares during the last quarter. BOKF NA acquired a new position in ProShares UltraPro QQQ during the third quarter worth $31,000. Finally, Rothschild Investment LLC raised its holdings in ProShares UltraPro QQQ by 100.0% during the fourth quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 350 shares in the last quarter.

ProShares UltraPro QQQ Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for ProShares UltraPro QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ and related companies with MarketBeat.com's FREE daily email newsletter.