ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $41.49, but opened at $39.90. ProShares UltraPro Short QQQ shares last traded at $39.21, with a volume of 13,879,366 shares changing hands.
ProShares UltraPro Short QQQ Price Performance
The company has a 50 day moving average of $36.54 and a 200 day moving average of $33.19.
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 given a $0.4823 dividend. This represents a $1.93 annualized dividend and a yield of 6.10%. The ex-dividend date was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently bought and sold shares of SQQQ. Parallel Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $27,000. PayPay Securities Corp boosted its stake in ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock valued at $60,000 after purchasing an additional 719 shares during the period. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth about $62,000. Centerpoint Advisors LLC increased its stake in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth 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 during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the first quarter valued at approximately $357,000.
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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