ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Up to $65.62

ProShares UltraPro QQQ (NASDAQ:TQQQ) gapped up prior to trading on Thursday . The stock had previously closed at $65.62, but opened at $70.30. ProShares UltraPro QQQ shares last traded at $70.14, with a volume of 11,607,167 shares.

ProShares UltraPro QQQ Trading Down 0.6 %

The business has a 50-day simple moving average of $66.09 and a 200-day simple moving average of $64.91.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a $0.2828 dividend. This represents a $1.13 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, June 26th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TQQQ. Jane Street Group LLC lifted its stake in ProShares UltraPro QQQ by 444.5% in the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after buying an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund’s stock worth $94,322,000 after purchasing an additional 1,245,229 shares in the last quarter. PPSC Investment Service Corp acquired a new position in ProShares UltraPro QQQ in the 2nd quarter valued at $12,662,000. Orion Portfolio Solutions LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth $5,574,000. Finally, DRW Securities LLC acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth $5,283,000.

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.