ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Up 38.4% in February

ProShares UltraPro QQQ (NASDAQ:TQQQ) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 30,780,088 shares, a growth of 38.4% from the January 29th total of 22,245,068 shares. Based on an average daily volume of 110,268,754 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.7% of the company’s stock are short sold. Approximately 5.7% of the company’s stock are short sold. Based on an average daily volume of 110,268,754 shares, the days-to-cover ratio is currently 0.3 days.

ProShares UltraPro QQQ Trading Down 3.2%

NASDAQ TQQQ opened at $48.10 on Wednesday. The company has a fifty day simple moving average of $52.46 and a 200 day simple moving average of $51.86. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69. The company has a market cap of $25.82 billion, a P/E ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a $0.0855 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC raised its position in ProShares UltraPro QQQ by 33.7% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 45,931 shares of the exchange traded fund’s stock valued at $3,812,000 after buying an additional 11,582 shares during the last quarter. Clarity Wealth Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 35.8% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 18,220 shares of the exchange traded fund’s stock worth $1,512,000 after acquiring an additional 4,800 shares during the last quarter. Long Run Wealth Advisors LLC purchased a new position in ProShares UltraPro QQQ during the 2nd quarter worth $530,000. Prospera Financial Services Inc bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth $904,000. Finally, Verus Capital Partners LLC purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at about $278,000.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.