IMC Chicago LLC Buys 515,815 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

IMC Chicago LLC increased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 1,145.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 560,847 shares of the exchange traded fund’s stock after acquiring an additional 515,815 shares during the quarter. IMC Chicago LLC owned approximately 0.17% of ProShares UltraPro QQQ worth $40,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. raised its position in shares of ProShares UltraPro QQQ by 98.5% during the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 330 shares during the period. Hantz Financial Services Inc. acquired a new position in ProShares UltraPro QQQ during the second quarter worth $68,000. Signaturefd LLC lifted its stake in shares of ProShares UltraPro QQQ by 153.8% in the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 655 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of ProShares UltraPro QQQ during the second quarter valued at about $117,000. Finally, International Assets Investment Management LLC bought a new stake in shares of ProShares UltraPro QQQ during the second quarter worth about $148,000.

ProShares UltraPro QQQ Stock Down 2.2 %

Shares of NASDAQ TQQQ opened at $75.17 on Thursday. ProShares UltraPro QQQ has a fifty-two week low of $31.60 and a fifty-two week high of $85.20. The firm’s 50-day simple moving average is $69.84 and its 200 day simple moving average is $67.39.

ProShares UltraPro QQQ Increases Dividend

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

ProShares UltraPro QQQ 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.