Mon Dec 30 14:30:00 UTC 2024: ## ProShares UltraPro QQQ (TQQQ) Sees Sharp Drop in Short Interest, Despite Price Dip

**Sioux Falls, SD – January [Date of Publication]** – ProShares UltraPro QQQ (TQQQ), a leveraged ETF tracking the NASDAQ-100 index, experienced a dramatic 37.1% decrease in short interest during December, falling from 27.77 million shares on November 30th to 17.47 million shares by December 15th. This significant reduction translates to a days-to-cover ratio of just 0.4 days based on average daily trading volume.

Despite this positive short-interest indicator, TQQQ shares closed Friday at $84.66, down $3.59. Trading volume was high at 50,890,754 shares. The ETF has a 52-week low of $45.47 and a high of $93.79. Technical indicators include a 50-day simple moving average of $80.69 and a 200-day simple moving average of $73.80.

The company also declared a dividend of $0.2754 per share, payable on December 31st to shareholders of record on December 23rd (ex-dividend date: December 23rd). This represents an increase from the previous dividend.

Several institutional investors adjusted their holdings in the second quarter, including new investments from Ironwood Wealth Management LLC, HB Wealth Management LLC, International Assets Investment Management LLC, and Hantz Financial Services Inc. Fortress Wealth Group LLC increased its stake by 4%.

While TQQQ currently holds a “Hold” rating among analysts, MarketBeat highlights that top-rated analysts are recommending other stocks for purchase. The full list of these recommendations, along with MarketBeat’s seven best retirement stocks, can be found on their website. Note that this article is for informational purposes only and should not be considered investment advice.

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