ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.08 and last traded at $23.43, with a volume of 18223219 shares traded. The stock had previously closed at $23.40.
ProShares UltraPro Short QQQ Stock Up 2.1%
The company has a fifty day moving average of $32.78 and a two-hundred day moving average of $31.68.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a yield of 8.01%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently made changes to their positions in SQQQ. Redwood Park Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 69.3% in the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock worth $34,000 after purchasing an additional 363 shares during the period. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the first quarter worth approximately $27,000. PayPay Securities Corp lifted its position in ProShares UltraPro Short QQQ by 85.9% in the first quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after purchasing an additional 719 shares during the period. Centerpoint Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock worth $187,000 after purchasing an additional 1,000 shares during the period. Finally, Game Plan Financial Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 16,818.2% in the first 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.
About ProShares UltraPro Short QQQ
(
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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