ProShares UltraPro QQQ (NASDAQ:TQQQ) Short Interest Up 28.6% in March

ProShares UltraPro QQQ (NASDAQ:TQQQ) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 29,304,568 shares, an increase of 28.6% from the February 26th total of 22,781,505 shares. Based on an average daily trading volume, of 126,402,430 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in ProShares UltraPro QQQ during the second quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $30,000. CoreCap Advisors LLC lifted its holdings in shares of ProShares UltraPro QQQ by 69.8% during the 4th quarter. CoreCap Advisors LLC now owns 584 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 240 shares during the period. BOKF NA acquired a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $31,000. Finally, Rothschild Investment LLC boosted its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Rothschild Investment LLC now owns 700 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 350 shares in the last quarter.

ProShares UltraPro QQQ Stock Up 10.0%

Shares of TQQQ opened at $41.68 on Wednesday. The stock’s 50-day moving average price is $48.99 and its 200 day moving average price is $51.86. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a 12-month low of $17.50 and a 12-month high of $60.69.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.0716 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.