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ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 12-Month Low - Time to Sell?

ProShares UltraPro Short QQQ logo with background

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.99 and last traded at $19.40, with a volume of 30345196 shares traded. The stock had previously closed at $19.53.

ProShares UltraPro Short QQQ Price Performance

The business has a 50-day simple moving average of $23.03 and a 200 day simple moving average of $29.63.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.2566 per share. The ex-dividend date was Wednesday, June 25th. This represents a $1.03 annualized dividend and a yield of 5.34%.

Institutional Trading of ProShares UltraPro Short QQQ

A number of large investors have recently bought and sold shares of SQQQ. Parallel Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth approximately $27,000. Redwood Park Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 69.3% in the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock worth $34,000 after acquiring an additional 363 shares during the last quarter. PayPay Securities Corp boosted its holdings in ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after acquiring an additional 719 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of 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 worth $71,000 after purchasing an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at $100,000.

ProShares UltraPro Short QQQ Company Profile

(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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