IMC Chicago LLC Increases Stake in ProShares UltraPro QQQ

In a significant move during the third quarter, IMC Chicago LLC amplified its investment in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by an astounding 1,145.4%. This information comes from the company's latest filing with the Securities & Exchange Commission. Following this increase, IMC Chicago LLC now owns 560,847 shares of the exchange-traded fund after adding 515,815 shares in the preceding quarter. At the conclusion of this period, the firm held approximately 0.17% of ProShares UltraPro QQQ, which was valued at around $40,656,000.

Several other institutional investors have also made adjustments to their holdings in ProShares UltraPro QQQ recently. For instance, Turim 21 Investimentos Ltda. boosted its position by 98.5% during the second quarter, giving it a total of 665 shares valued at $49,000 after purchasing an additional 330 shares. Hantz Financial Services Inc. entered a new stake in ProShares UltraPro QQQ during the same quarter for a worth of $68,000. Additionally, Signaturefd LLC increased its investment by 153.8% in the third quarter, now owning 1,081 shares valued at $78,000 after acquiring another 655 shares. Fairfield Financial Advisors LTD and International Assets Investment Management LLC also established new positions in the stock, valued at approximately $117,000 and $148,000, respectively.

Current Market Performance

On Thursday, shares of NASDAQ TQQQ opened at $75.17. The stock has experienced a 52-week low of $31.60 and a high of $85.20. The company’s 50-day simple moving average stands at $69.84, while its 200-day simple moving average is at $67.39.

Recent Dividend Announcement

In addition to its trading performance, ProShares UltraPro QQQ has announced a recent dividend payment. This dividend was executed on Wednesday, October 2nd, for stockholders who were on record as of Wednesday, September 25th. These shareholders received a dividend of $0.2302, marking an increase from the previous amount of $0.22.

Understanding ProShares UltraPro QQQ

ProShares UltraPro QQQ ETF aims to deliver daily investment results that correspond to 300% of the daily performance of the NASDAQ-100 Index. To achieve this, the fund invests in various vehicles, including equity securities, derivatives such as futures contracts, swap agreements, and money market instruments.

As discussions around investments continue, it is essential to stay informed about institutional movements and stock performance trends to make informed decisions.

investment, stocks, ETF