ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down to $53.71

Posted by Stacy Sanders on Apr 27th, 2024

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $53.71, but opened at $50.90. ProShares UltraPro QQQ shares last traded at $51.68, with a volume of 29,382,299 shares changing hands.

ProShares UltraPro QQQ Stock Up 4.6 %

The company has a 50 day simple moving average of $58.90 and a 200-day simple moving average of $50.65.

ProShares UltraPro QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were paid a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Several institutional investors have recently added to or reduced their stakes in TQQQ. Sandy Spring Bank raised its position in shares of ProShares UltraPro QQQ by 1,113.0% during the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 512 shares during the period. Signature Resources Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the fourth quarter worth approximately $29,000. National Bank of Canada FI raised its position in shares of ProShares UltraPro QQQ by 9,910.0% during the third quarter. National Bank of Canada FI now owns 1,001 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 991 shares during the period. BluePath Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the third quarter worth approximately $47,000. Finally, Westend Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the first quarter worth approximately $48,000.

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.