ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company 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 Stock Up 1.1%
The business has a fifty day moving average price of $30.67 and a 200 day moving average price of $31.14.
ProShares UltraPro Short QQQ Cuts Dividend
The company 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 8.75%. The ex-dividend date was Wednesday, March 26th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently made changes to their positions in SQQQ. Game Plan Financial Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 16,818.2% in the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock valued at $71,000 after acquiring an additional 1,850 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in ProShares UltraPro Short QQQ during the first quarter valued at approximately $392,000. Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short QQQ during the first quarter valued at approximately $7,668,000. Summit Financial LLC bought a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $1,030,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter worth approximately $2,512,000.
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.
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