ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up to $64.53

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $64.53, but opened at $66.50. ProShares UltraPro QQQ shares last traded at $65.14, with a volume of 16,542,780 shares changing hands.

ProShares UltraPro QQQ Stock Performance

The business’s 50-day moving average price is $58.66 and its two-hundred day moving average price is $53.87.

ProShares UltraPro QQQ Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sandy Spring Bank grew its position in ProShares UltraPro QQQ by 1,113.0% in the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 512 shares during the last quarter. Signature Resources Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth $29,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at $37,000. Westend Capital Management LLC purchased a new position in ProShares UltraPro QQQ in the 1st quarter worth about $48,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $51,000.

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.