ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $18.99 and last traded at $19.40, with a volume of 30345196 shares changing hands. The stock had previously closed at $19.53.
ProShares UltraPro Short QQQ Stock Performance
The firm has a 50 day moving average price of $23.25 and a two-hundred day moving average price of $29.70.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were given a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Wednesday, June 25th.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in SQQQ. Headlands Technologies LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $2,922,000. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $3,155,000. Raffles Associates LP bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $623,000. Robertson Stephens Wealth Management LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $2,698,000. Finally, Canal Insurance CO bought a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth about $1,917,000.
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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