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

ProShares UltraPro QQQ (NASDAQ:TQQQ) shares gapped down before the market opened 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 changing hands.

ProShares UltraPro QQQ Stock Down 7.3 %

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

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.2302 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TQQQ. HighTower Advisors LLC increased its position in ProShares UltraPro QQQ by 121.2% during the 3rd 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. RPg Family Wealth Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at approximately $32,000. CreativeOne Wealth LLC raised its position in ProShares UltraPro QQQ by 51.9% in the third quarter. CreativeOne Wealth LLC now owns 19,853 shares of the exchange traded fund’s stock worth $1,439,000 after acquiring an additional 6,782 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in ProShares UltraPro QQQ during the third quarter worth about $21,747,000. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of ProShares UltraPro QQQ by 7.2% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,101 shares of the exchange traded fund’s stock worth $515,000 after acquiring an additional 474 shares in 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.