ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $25.30 and last traded at $25.32, with a volume of 134954899 shares trading hands. The stock had previously closed at $28.80.
ProShares UltraPro Short QQQ Trading Down 1.1%
The business's 50 day moving average is $35.57 and its 200 day moving average is $32.47.
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 of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 8.25%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
A number of hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC purchased a new stake in ProShares UltraPro Short QQQ in the first quarter worth about $17,319,000. Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $13,933,000. Squarepoint Ops LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $7,334,000. Smithfield Trust Co increased its holdings in ProShares UltraPro Short QQQ by 503.5% during the first quarter. Smithfield Trust Co now owns 272,200 shares of the company's stock valued at $10,436,000 after buying an additional 227,100 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in ProShares UltraPro Short QQQ in the first quarter worth approximately $7,668,000.
ProShares UltraPro Short QQQ Company Profile
(
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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.
See Also
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