ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Down 8.2% – Here’s Why

Posted by Lisa Pomrenke on Mar 30th, 2025

ProShares UltraPro QQQ (NASDAQ:TQQQ – Get Free Report)’s stock price fell 8.2% during mid-day trading on Friday . The stock traded as low as $57.30 and last traded at $57.22. 70,119,967 shares were traded during trading, an increase of 24% from the average session volume of 56,736,470 shares. The stock had previously closed at $62.30.

ProShares UltraPro QQQ Stock Down 8.0 %

The stock’s 50-day moving average price is $75.80 and its 200 day moving average price is $76.99. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 26.02 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be issued a $0.1977 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.79 annualized dividend and a yield of 1.38%.

Institutional Trading of ProShares UltraPro QQQ

Several institutional investors have recently modified their holdings of the company. SVB Wealth LLC bought a new position in ProShares UltraPro QQQ in the fourth quarter worth $791,000. Chung Wu Investment Group LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $983,000. Drive Wealth Management LLC bought a new stake in ProShares UltraPro QQQ in the fourth quarter valued at about $1,108,000. Oriental Harbor Investment Fund acquired a new position in ProShares UltraPro QQQ in the third quarter worth about $82,199,000. Finally, HighTower Advisors LLC lifted its stake in ProShares UltraPro QQQ by 121.2% during the third quarter. HighTower Advisors LLC now owns 12,389 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 6,788 shares during the period.

ProShares UltraPro QQQ Company Profile

(Get Free Report)

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.