Short Interest in ProShares UltraPro QQQ (NASDAQ:TQQQ) Increases By 48.4%

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

ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock opened at $54.00 on Friday. The firm has a market cap of $29.28 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. The stock has a 50-day simple moving average of $54.22 and a 200-day simple moving average of $50.99. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were given a $0.0855 dividend. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. This represents a $0.34 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Institutional investors and hedge funds have recently modified their holdings of the business. Howard Capital Management Inc. boosted its holdings in ProShares UltraPro QQQ by 1,071.0% in the second quarter. Howard Capital Management Inc. now owns 4,855,196 shares of the exchange traded fund’s stock worth $404,067,000 after purchasing an additional 4,440,578 shares in the last quarter. Oriental Harbor Investment Master Fund lifted its position in shares of ProShares UltraPro QQQ by 100.0% in the fourth quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after buying an additional 1,200,820 shares during the last quarter. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 9,296.8% in the second quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock worth $96,953,000 after buying an additional 1,155,681 shares during the last quarter. Cantor Fitzgerald L. P. boosted its stake in shares of ProShares UltraPro QQQ by 823.5% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after acquiring an additional 694,661 shares in the last quarter. Finally, PPSC Investment Service Corp increased its holdings in shares of ProShares UltraPro QQQ by 116.1% during the 4th quarter. PPSC Investment Service Corp now owns 1,248,785 shares of the exchange traded fund’s stock valued at $65,836,000 after acquiring an additional 671,023 shares during the last quarter.

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.