ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Up 48.4% in January

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 19,120,104 shares, a growth of 48.4% from the December 31st total of 12,880,352 shares. Based on an average trading volume of 83,148,124 shares, the short-interest ratio is currently 0.2 days. Currently, 3.4% of the company’s shares are sold short. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 83,148,124 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of ProShares UltraPro QQQ

Several institutional investors and hedge funds have recently made changes to their positions in TQQQ. 25 LLC grew its holdings in ProShares UltraPro QQQ by 1.5% during the 3rd quarter. 25 LLC now owns 9,228 shares of the exchange traded fund’s stock worth $954,000 after acquiring an additional 135 shares in the last quarter. Millington Financial Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 1.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 11,327 shares of the exchange traded fund’s stock worth $1,169,000 after purchasing an additional 157 shares during the period. Merit Financial Group LLC boosted its stake in shares of ProShares UltraPro QQQ by 2.1% during the third quarter. Merit Financial Group LLC now owns 7,642 shares of the exchange traded fund’s stock valued at $790,000 after purchasing an additional 158 shares in the last quarter. Rodgers & Associates LTD boosted its stake in shares of ProShares UltraPro QQQ by 4.8% during the fourth quarter. Rodgers & Associates LTD now owns 4,404 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 202 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in ProShares UltraPro QQQ by 69.8% during the fourth quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 240 shares during the period.

ProShares UltraPro QQQ Stock Up 2.0%

Shares of NASDAQ:TQQQ opened at $55.10 on Tuesday. The business’s 50 day moving average is $54.30 and its 200 day moving average is $51.13. The stock has a market cap of $29.57 billion, a P/E ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 52-week low of $17.50 and a 52-week high of $60.69.

ProShares UltraPro QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a dividend of $0.0855 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05.

About ProShares UltraPro QQQ

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.