ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $10.89

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $10.89, but opened at $10.62. ProShares UltraPro Short QQQ shares last traded at $10.68, with a volume of 24,907,818 shares.

ProShares UltraPro Short QQQ Stock Up 5.1 %

The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $14.33.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.164 dividend. The ex-dividend date was Wednesday, March 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Spire Wealth Management increased its holdings in ProShares UltraPro Short QQQ by 86.7% during the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company's stock valued at $38,000 after purchasing an additional 867 shares during the period. Hoey Investments Inc. grew its holdings in shares of ProShares UltraPro Short QQQ by 100.0% during the 3rd quarter. Hoey Investments Inc. now owns 2,000 shares of the company's stock worth $41,000 after acquiring an additional 1,000 shares during the period. Larson Financial Group LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 369.2% during the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company's stock worth $28,000 after acquiring an additional 1,665 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 140.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company's stock worth $30,000 after acquiring an additional 1,287 shares during the period. Finally, Castleview Partners LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth approximately $70,000.

About ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.