ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $23.26 and last traded at $23.34, with a volume of 122327067 shares trading hands. The stock had previously closed at $23.38.
ProShares UltraPro Short QQQ Stock Performance
The business's 50-day simple moving average is $34.98 and its 200 day simple moving average is $32.24.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.4823 per share. This represents a $1.93 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date was Wednesday, March 26th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SQQQ. Foundations Investment Advisors LLC bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $360,000. Capital Investment Advisory Services LLC bought a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $2,374,000. Ridgepath Capital Management LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 761.2% in the fourth quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock worth $3,218,000 after purchasing an additional 91,348 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth approximately $623,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth approximately $439,000.
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.
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