ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $50.17, but opened at $45.10. ProShares UltraPro Short QQQ shares last traded at $44.24, with a volume of 17,637,365 shares traded.
ProShares UltraPro Short QQQ Stock Down 5.2 %
The firm's 50 day simple moving average is $34.73 and its 200 day simple moving average is $33.25.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a yield of 5.33%. The ex-dividend date was Wednesday, March 26th.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the first quarter worth about $27,000. Squarepoint Ops LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth about $7,334,000. Raffles Associates LP acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $623,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraPro Short QQQ by 6,510.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company's stock valued at $1,029,000 after acquiring an additional 32,554 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $3,155,000.
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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