ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price hit a new 52-week low 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 Down 1.8%
The company has a fifty day simple moving average of $23.49 and a 200-day simple moving average of $29.77.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a $0.2566 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.03 dividend on an annualized basis and a yield of 5.35%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Hedge funds have recently made changes to their positions in the company. IMC Chicago LLC purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $17,319,000. Sollinda Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $13,933,000. Smithfield Trust Co raised its stake in ProShares UltraPro Short QQQ by 503.5% during the 1st quarter. Smithfield Trust Co now owns 272,200 shares of the company's stock valued at $10,436,000 after acquiring an additional 227,100 shares in the last quarter. Squarepoint Ops LLC bought a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at $7,334,000. Finally, Goldman Sachs Group Inc. acquired a new stake in ProShares UltraPro Short QQQ during the first quarter valued at approximately $7,668,000.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
