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ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 12-Month Low - What's Next?

ProShares UltraPro Short QQQ logo with background

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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