ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.99 and last traded at $19.40, with a volume of 30345196 shares. The stock had previously closed at $19.53.
ProShares UltraPro Short QQQ Trading Up 0.8%
The firm's fifty day moving average is $22.85 and its 200-day moving average is $29.58.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a dividend of $0.2566 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.03 annualized dividend and a yield of 5.30%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $2,922,000. DRW Securities LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $3,155,000. Raffles Associates LP purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $623,000. Robertson Stephens Wealth Management LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at about $2,698,000. Finally, Canal Insurance CO purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at about $1,917,000.
ProShares UltraPro Short QQQ Company Profile
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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.
See Also
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