ProShares UltraPro QQQ (NASDAQ:TQQQ) Reaches New 52-Week High – Here’s Why

ProShares UltraPro QQQ (NASDAQ:TQQQ) reached a new 52-week high on Wednesday . The stock traded as high as $88.62 and last traded at $88.51, with a volume of 13979027 shares changing hands. The stock had previously closed at $84.76.

ProShares UltraPro QQQ Trading Down 2.0 %

The company has a fifty day moving average of $77.73 and a two-hundred day moving average of $72.14.

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. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

Institutional Trading of ProShares UltraPro QQQ

Several institutional investors have recently added to or reduced their stakes in TQQQ. Oriental Harbor Investment Fund bought a new position in ProShares UltraPro QQQ during the 3rd quarter worth about $82,199,000. IMC Chicago LLC lifted its stake in shares of ProShares UltraPro QQQ by 1,145.4% during the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after purchasing an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in ProShares UltraPro QQQ during the third quarter valued at about $21,747,000. International Assets Investment Management LLC grew its stake in ProShares UltraPro QQQ by 14,257.8% in the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after purchasing an additional 285,155 shares during the last quarter. Finally, PPSC Investment Service Corp bought a new position in ProShares UltraPro QQQ in the second quarter worth about $12,662,000.

ProShares UltraPro QQQ Company 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.