ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update

ProShares UltraPro QQQ (NASDAQ:TQQQ) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 35,990,000 shares, a decrease of 15.5% from the March 31st total of 42,610,000 shares. Based on an average trading volume of 72,915,200 shares, the short-interest ratio is presently 0.5 days.

ProShares UltraPro QQQ Price Performance

TQQQ traded down $2.04 during trading on Tuesday, hitting $53.90. The stock had a trading volume of 50,661,488 shares, compared to its average volume of 73,685,664. The stock has a 50 day simple moving average of $58.82 and a two-hundred day simple moving average of $51.06. ProShares UltraPro QQQ has a twelve month low of $26.28 and a twelve month high of $64.13.

ProShares UltraPro QQQ Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, March 20th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in ProShares UltraPro QQQ in the first quarter worth about $37,000. Silicon Valley Capital Partners acquired a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $134,000. Davies Financial Advisors Inc. purchased a new stake in ProShares UltraPro QQQ during the 1st quarter worth approximately $633,000. Triton Wealth Management PLLC increased its stake in ProShares UltraPro QQQ by 16.0% during the 1st quarter. Triton Wealth Management PLLC now owns 19,436 shares of the exchange traded fund’s stock valued at $1,196,000 after purchasing an additional 2,684 shares in the last quarter. Finally, Q3 Asset Management purchased a new position in shares of ProShares UltraPro QQQ in the first quarter worth $1,973,000.

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.