Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $25.16, but opened at $24.15. ProShares UltraPro Short QQQ shares last traded at $23.85, with a volume of 25,185,679 shares changing hands.
ProShares UltraPro Short QQQ Stock Up 2.1%
The firm has a fifty day moving average price of $32.78 and a 200-day moving average price of $31.68.
ProShares UltraPro Short QQQ Cuts Dividend
The company 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 annualized dividend and a yield of 8.01%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several institutional investors have recently bought and sold shares of the company. Game Plan Financial Advisors LLC lifted its stake in 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 last quarter. Ashton Thomas Private Wealth LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $392,000. Goldman Sachs Group Inc. purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $7,668,000. Summit Financial LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $1,030,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of 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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