ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $23.26 and last traded at $23.34, with a volume of 122327067 shares changing hands. The stock had previously closed at $23.38.
ProShares UltraPro Short QQQ Trading Up 2.7%
The stock has a fifty day moving average of $33.93 and a two-hundred day moving average of $31.95.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared 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 of this dividend was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a yield of 7.68%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
A number of large investors have recently bought and sold shares of the stock. IMC Chicago LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at approximately $17,319,000. Sollinda Capital Management LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $13,933,000. Smithfield Trust Co grew its stake in ProShares UltraPro Short QQQ by 503.5% in the first quarter. Smithfield Trust Co now owns 272,200 shares of the company's stock worth $10,436,000 after purchasing an additional 227,100 shares during the period. Squarepoint Ops LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $7,334,000. Finally, Goldman Sachs Group Inc. purchased a new stake in ProShares UltraPro Short QQQ in the first quarter worth $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.
Further Reading
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