ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up – What’s Next?

Posted by Lindsey Winhoffer on Oct 19th, 2024

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $73.12, but opened at $75.39. ProShares UltraPro QQQ shares last traded at $74.51, with a volume of 12,885,809 shares traded.

ProShares UltraPro QQQ Trading Up 1.8 %

The company has a fifty day simple moving average of $68.65 and a 200 day simple moving average of $66.51.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. The ex-dividend date was Wednesday, September 25th. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. acquired a new position in ProShares UltraPro QQQ during the 1st quarter worth about $37,000. Westend Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth about $48,000. Turim 21 Investimentos Ltda. raised its position in shares of ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 330 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of ProShares UltraPro QQQ in the 1st quarter worth about $63,000. Finally, Hantz Financial Services Inc. bought a new position in shares of ProShares UltraPro QQQ in the 2nd quarter worth about $68,000.

About ProShares UltraPro QQQ

(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.