Short Interest in ProShares UltraPro QQQ (NASDAQ:TQQQ) Declines By 15.5%

ProShares UltraPro QQQ (NASDAQ:TQQQ) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 35,990,000 shares, a decline of 15.5% from the March 31st total of 42,610,000 shares. Based on an average daily trading volume, of 72,915,200 shares, the short-interest ratio is presently 0.5 days.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $55.28 on Friday. ProShares UltraPro QQQ has a 52-week low of $26.28 and a 52-week high of $64.13. The firm has a fifty day moving average of $58.85 and a 200-day moving average of $50.77.

ProShares UltraPro QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.2151 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Trading of ProShares UltraPro QQQ

Institutional investors have recently made changes to their positions in the stock. Sandy Spring Bank grew its stake in shares of ProShares UltraPro QQQ by 1,113.0% during the 4th quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 512 shares during the period. Signature Resources Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at $29,000. National Bank of Canada FI lifted its holdings in shares of ProShares UltraPro QQQ by 9,910.0% during the 3rd quarter. National Bank of Canada FI now owns 1,001 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 991 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $47,000. Finally, Westend Capital Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 1st quarter valued at $48,000.

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.