ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $18.24 and last traded at $18.31, with a volume of 34399608 shares traded. The stock had previously closed at $18.70.
ProShares UltraPro Short QQQ Trading Down 1.5%
The company's fifty day moving average price is $21.82 and its 200 day moving average price is $29.19.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a dividend of $0.2566 per share. This represents a $1.03 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Wednesday, June 25th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $27,000. Redwood Park Advisors LLC boosted its position in ProShares UltraPro Short QQQ by 69.3% during the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock valued at $34,000 after buying an additional 363 shares during the period. PayPay Securities Corp lifted its position in shares of ProShares UltraPro Short QQQ by 85.9% in the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after purchasing an additional 719 shares during the period. Game Plan Financial Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 16,818.2% during the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock valued at $71,000 after acquiring an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth approximately $100,000.
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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