ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down – Here’s Why

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $80.06, but opened at $77.27. ProShares UltraPro QQQ shares last traded at $76.92, with a volume of 8,282,632 shares traded.

ProShares UltraPro QQQ Stock Performance

The business has a 50-day moving average price of $72.27 and a two-hundred day moving average price of $69.15.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were paid a $0.2302 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in ProShares UltraPro QQQ during the third quarter worth approximately $32,000. Turim 21 Investimentos Ltda. increased 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 in the last quarter. Hantz Financial Services Inc. purchased a new stake in ProShares UltraPro QQQ in the second quarter valued at approximately $68,000. Signaturefd LLC boosted its holdings 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 acquiring an additional 655 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 1,082 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.