ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $28.80, but opened at $25.45. ProShares UltraPro Short QQQ shares last traded at $25.99, with a volume of 44,379,418 shares.
ProShares UltraPro Short QQQ Trading Up 0.1%
The company's 50 day moving average is $35.86 and its 200-day moving average is $32.56.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed 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 8.12%. The ex-dividend date was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors have recently modified their holdings of SQQQ. Headlands Technologies LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth $2,922,000. DRW Securities LLC acquired a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at $3,155,000. Raffles Associates LP purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth about $623,000. Capital Investment Advisory Services LLC acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth about $2,374,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at about $439,000.
About ProShares UltraPro Short QQQ
(
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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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