ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $21.93 and last traded at $22.09, with a volume of 43803435 shares changing hands. The stock had previously closed at $22.27.
ProShares UltraPro Short QQQ Trading Up 3.8%
The company has a fifty day moving average of $29.53 and a two-hundred day moving average of $31.00.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a yield of 8.48%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SQQQ. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at $439,000. Compagnie Lombard Odier SCmA raised its stake in ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock valued at $517,000 after purchasing an additional 16,116 shares during the last quarter. Centerpoint Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after purchasing an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth about $423,000. Finally, Sollinda Capital Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $13,933,000.
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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