ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $21.33 and last traded at $21.38, with a volume of 27478204 shares trading hands. The stock had previously closed at $22.12.
ProShares UltraPro Short QQQ Stock Down 0.8%
The business's fifty day moving average is $25.97 and its 200-day moving average is $30.33.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th will be issued a $0.2566 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.03 annualized dividend and a yield of 5.14%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently modified their holdings of the company. IMC Chicago LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at $17,319,000. Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $13,933,000. Smithfield Trust Co grew its position in ProShares UltraPro Short QQQ by 503.5% during the first 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 during the last quarter. Squarepoint Ops LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $7,334,000. Finally, Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short QQQ during the first quarter valued at about $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.
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