IMC Chicago LLC Increases Stake in ProShares UltraPro QQQ

IMC Chicago LLC has significantly boosted its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by an impressive 1,145.4% during the third quarter of the year. In its latest filing with the Securities and Exchange Commission, the institutional investor disclosed that it now owns 560,847 shares of this exchange-traded fund (ETF) after acquiring an additional 515,815 shares in this period. As of now, IMC Chicago LLC holds approximately 0.17% of ProShares UltraPro QQQ, which is valued at about $40,656,000.

Other Institutional Investors' Activity

In addition to IMC Chicago LLC's investment, several other hedge funds and institutional investors have also made recent moves involving ProShares UltraPro QQQ. For example, Turim 21 Investimentos Ltda. increased its stake by 98.5% in the second quarter, owning 665 shares worth $49,000 after acquiring 330 additional shares during that time. Hantz Financial Services Inc. initiated a new position in ProShares UltraPro QQQ worth around $68,000 in the same quarter.

Furthermore, Signaturefd LLC raised its holdings by 153.8% in the third quarter, now owning 1,081 shares valued at $78,000 after purchasing an extra 655 shares. Additionally, Fairfield Financial Advisors LTD established a new position valued at about $117,000 in the second quarter, and International Assets Investment Management LLC also acquired a new stake worth approximately $148,000 during the same period.

Performance and Recent Changes

The shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) opened at $75.17 recently, reflecting a drop of 2.2%. Over the past year, the ETF has seen a low of $31.60 and a high of $85.20. The firm’s 50-day simple moving average stands at $69.84, while the 200-day simple moving average is at $67.39.

Dividend Announcement

Recently, ProShares UltraPro QQQ declared a dividend that was distributed on October 2nd. Shareholders who were on record by September 25th received a dividend of $0.2302. This marks an increase from the previous dividend of $0.22.

About ProShares UltraPro QQQ

The ProShares UltraPro QQQ ETF aims to achieve daily investment results that correspond to three times (300%) the daily performance of the NASDAQ-100 Index, before fees and expenses. The fund invests primarily in equity securities and utilizes various financial instruments, including derivatives such as futures contracts and swap agreements.

investment, ETF, stocks