Short Interest in ProShares UltraPro QQQ (NASDAQ:TQQQ) Declines By 15.5%

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

Institutional Trading of ProShares UltraPro QQQ

Several institutional investors have recently modified their holdings of the stock. CPR Investments Inc. increased its holdings in shares of ProShares UltraPro QQQ by 491.6% in the 4th quarter. CPR Investments Inc. now owns 82,376 shares of the exchange traded fund’s stock valued at $4,176,000 after acquiring an additional 68,451 shares during the period. International Assets Investment Management LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $5,141,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $7,033,000. Bleakley Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $3,017,000. Finally, Cerity Partners LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $834,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ opened at $55.28 on Friday. ProShares UltraPro QQQ has a twelve month low of $26.28 and a twelve month high of $64.13. The firm has a 50 day simple moving average of $58.85 and a 200-day simple moving average of $50.77.

ProShares UltraPro QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were given a dividend of $0.2151 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.