ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.69 and last traded at $22.70, with a volume of 39420985 shares changing hands. The stock had previously closed at $23.18.
ProShares UltraPro Short QQQ Price Performance
The stock's 50-day moving average is $31.67 and its 200 day moving average is $31.39.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 8.39%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Game Plan Financial Advisors LLC lifted its stake in shares of 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 valued at $71,000 after purchasing an additional 1,850 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the first quarter valued at about $392,000. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth $7,668,000. Summit Financial LLC acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth $1,030,000. Finally, Flow Traders U.S. LLC acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth $2,512,000.
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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