ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $18.71 and last traded at $18.83, with a volume of 25969658 shares trading hands. The stock had previously closed at $19.18.
ProShares UltraPro Short QQQ Stock Up 0.4%
The business's 50-day moving average is $21.82 and its two-hundred day moving average is $29.22.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued 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 dividend yield of 5.49%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors and hedge funds have recently made changes to their positions in SQQQ. Parallel Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the first quarter worth about $27,000. Redwood Park Advisors LLC increased its stake in shares of ProShares UltraPro Short QQQ by 69.3% during the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock worth $34,000 after acquiring an additional 363 shares during the period. PayPay Securities Corp increased its stake in shares of ProShares UltraPro Short QQQ by 85.9% during the first quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after acquiring an additional 719 shares during the period. Game Plan Financial Advisors LLC grew its position in ProShares UltraPro Short QQQ by 16,818.2% during the first quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock worth $71,000 after buying an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth about $100,000.
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.
Further Reading
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