ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price rose 2.4% during mid-day trading on Monday . The company traded as high as $12.00 and last traded at $12.00. Approximately 45,624,622 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 129,190,141 shares. The stock had previously closed at $11.72.
ProShares UltraPro Short QQQ Trading Up 0.4 %
The firm's fifty day moving average is $13.93 and its 200-day moving average is $17.14.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 21st were paid a dividend of $0.283 per share. The ex-dividend date was Wednesday, December 20th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.62%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Hedge funds and other institutional investors have recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter valued at about $28,000. Larson Financial Group LLC raised its holdings in ProShares UltraPro Short QQQ by 369.2% in the 4th 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. Spire Wealth Management boosted its position 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 worth $38,000 after buying an additional 867 shares during the period. Hoey Investments Inc. grew its holdings in 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 last quarter. Finally, Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $54,000.
About ProShares UltraPro Short QQQ
(
Get Free Report)
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.
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