ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down – Here’s What Happened

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s share price gapped down prior to trading 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 firm’s 50 day moving average is $82.95 and its 200 day moving average is $74.50.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2754 per share. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

Institutional Trading of ProShares UltraPro QQQ

Several large investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $32,000. Signaturefd LLC boosted its position in ProShares UltraPro QQQ by 153.8% during the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after acquiring an additional 655 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ProShares UltraPro QQQ by 235.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 1,082 shares during the period. James J. Burns & Company LLC bought a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $206,000. Finally, Carnegie Investment Counsel purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $214,000.

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.