ProShares UltraPro QQQ (NASDAQ:TQQQ) trades the gap to $65.62

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Your Free Report ) had a gap before trading on Thursday. The stock had previously closed at $65.62 but opened at $70.30. Shares of ProShares UltraPro QQQ last traded at $70.14 with a volume of 11,607,167 shares changing hands.

ProShares UltraPro QQQ Price Performance

The stock has a fifty day simple moving average of $66.47 and a two hundred day simple moving average of $64.82.

ProShares UltraPro QQQ is growing dividends

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were given a $0.2828 dividend. This represents a dividend of $1.13 on an annualized basis and a dividend yield of 1.58%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 26.

Institutional inputs and outputs

Several hedge funds have recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. raised its stake in shares of ProShares UltraPro QQQ by 98.5% in the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 330 shares during the period. DRW Securities LLC raised its position in ProShares UltraPro QQQ by 1,607.2% in the second quarter. DRW Securities LLC now owns 61,580 shares of the exchange traded fund’s stock valued at $4,577,000 after acquiring an additional 57,973 shares during the period. Itau Unibanco Holding SA acquired a new stake in ProShares UltraPro QQQ in the second quarter valued at about $731,000. AE Wealth Management LLC boosted its stake in ProShares UltraPro QQQ by 289.9% during the 2nd quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund’s stock, valued at $1,183,000 after acquired an additional 11,911 shares in the last quarter. Finally, Richmond Brothers Inc. boosted its position in ProShares UltraPro QQQ by 31.4% during the second quarter. Richmond Brothers Inc. now owns 7,373 shares of the exchange traded fund’s stock worth $544,000 after acquiring an additional 1,760 shares during the period.

ProShares UltraPro QQQ Company Profile

(Get a free report)

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses, that correspond to three times (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.

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