ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down to $58.74

Posted by Steve Reilly on Aug 7th, 2024

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $58.74, but opened at $49.16. ProShares UltraPro QQQ shares last traded at $52.61, with a volume of 22,014,283 shares.

ProShares UltraPro QQQ Price Performance

The business has a 50-day simple moving average of $71.51 and a two-hundred day simple moving average of $63.26.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Institutional investors and hedge funds have recently bought and sold shares 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. acquired a new stake in shares of ProShares UltraPro QQQ during the first quarter worth $37,000. Westend Capital Management LLC purchased a new stake in shares of ProShares UltraPro QQQ during the first quarter valued at $48,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $68,000.

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.