ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Pass Above 50 Day Moving Average – Time to Sell?

ProShares UltraPro QQQ (NASDAQ:TQQQGet Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $53.86 and traded as high as $56.19. ProShares UltraPro QQQ shares last traded at $55.2010, with a volume of 64,942,756 shares.

ProShares UltraPro QQQ Trading Up 0.3%

The business has a 50-day moving average price of $53.86 and a 200 day moving average price of $49.38. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Increases Dividend

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

Institutional Trading of ProShares UltraPro QQQ

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in shares of ProShares UltraPro QQQ in the second quarter worth $25,000. WFA of San Diego LLC acquired a new position in ProShares UltraPro QQQ in the 2nd quarter worth about $25,000. BOKF NA acquired a new position in ProShares UltraPro QQQ in the 3rd quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth about $30,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $44,000.

ProShares UltraPro QQQ Company Profile

(Get Free Report)

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.

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