ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Update

ProShares UltraPro QQQ (NASDAQ:TQQQ) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 19,120,104 shares, an increase of 48.4% from the December 31st total of 12,880,352 shares. Based on an average daily volume of 83,148,124 shares, the short-interest ratio is presently 0.2 days. Currently, 3.4% of the shares of the company are sold short. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 83,148,124 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TQQQ. Ameritas Advisory Services LLC bought a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $25,000. WFA of San Diego LLC purchased a new position in shares of ProShares UltraPro QQQ during the second quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter worth approximately $30,000. CoreCap Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 69.8% in the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 240 shares in the last quarter. Finally, BOKF NA bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $31,000.

ProShares UltraPro QQQ Trading Down 3.6%

TQQQ opened at $54.00 on Monday. 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 $28.98 billion, a PE ratio of 38.25 and a beta of 3.46. The company has a 50 day moving average of $54.22 and a 200 day moving average of $51.05.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a $0.0855 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 24th.

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.