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

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $85.20 and last traded at $85.09, with a volume of 10599740 shares changing hands. The stock had previously closed at $83.21.

ProShares UltraPro QQQ Price Performance

The business’s 50-day moving average price is $75.55 and its two-hundred day moving average price is $71.16.

ProShares UltraPro QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro QQQ

Several institutional investors have recently bought and sold shares of TQQQ. Oriental Harbor Investment Fund purchased a new position in shares of ProShares UltraPro QQQ in the third quarter valued at $82,199,000. IMC Chicago LLC grew its position in shares of ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after acquiring an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of ProShares UltraPro QQQ during the third quarter worth about $21,747,000. International Assets Investment Management LLC grew its position in ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock valued at $20,816,000 after buying an additional 285,155 shares in the last quarter. Finally, PPSC Investment Service Corp bought a new position in ProShares UltraPro QQQ in the 2nd quarter valued at about $12,662,000.

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.