ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 3.7%

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) fell 3.7% during trading on Monday . The stock traded as low as $12.32 and last traded at $12.37. 112,926,173 shares were traded during trading, a decline of 18% from the average session volume of 137,173,609 shares. The stock had previously closed at $12.84.

ProShares UltraPro Short QQQ Stock Down 2.9 %

The firm has a fifty day moving average of $11.05 and a 200-day moving average of $14.04.

ProShares UltraPro Short QQQ Dividend Announcement

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of hedge funds have recently modified their holdings of the business. Per Stirling Capital Management LLC. raised its position in shares of ProShares UltraPro Short QQQ by 4.9% during the third quarter. Per Stirling Capital Management LLC. now owns 15,566 shares of the company's stock worth $318,000 after purchasing an additional 725 shares during the period. Spire Wealth Management raised its position in shares of 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 period. Hoey Investments Inc. raised its position in shares of 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 period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of 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 period. Finally, PNC Financial Services Group Inc. raised its position in shares of ProShares UltraPro Short QQQ by 11.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,123 shares of the company's stock worth $289,000 after purchasing an additional 1,500 shares during the period.

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.