ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $11.81

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.81, but opened at $12.43. ProShares UltraPro Short QQQ shares last traded at $12.26, with a volume of 51,945,001 shares.

ProShares UltraPro Short QQQ Stock Up 1.6 %

The business's fifty day simple moving average is $11.06 and its 200 day simple moving average is $13.97.

ProShares UltraPro Short QQQ Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SQQQ. Larson Financial Group LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 369.2% during the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company's stock valued at $28,000 after buying an additional 1,665 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 140.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company's stock worth $30,000 after purchasing an additional 1,287 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 450.5% during the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company's stock worth $32,000 after purchasing an additional 2,500 shares during the last quarter. Spire Wealth Management boosted its holdings in ProShares UltraPro Short QQQ by 86.7% during the third quarter. Spire Wealth Management now owns 1,867 shares of the company's stock worth $38,000 after purchasing an additional 867 shares during the last quarter. Finally, Hoey Investments Inc. boosted its holdings in ProShares UltraPro Short QQQ by 100.0% during the third quarter. Hoey Investments Inc. now owns 2,000 shares of the company's stock worth $41,000 after purchasing an additional 1,000 shares during the last quarter.

ProShares UltraPro Short QQQ Company Profile

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.