ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $22.99, but opened at $22.34. ProShares UltraPro Short QQQ shares last traded at $22.26, with a volume of 27,069,022 shares traded.
ProShares UltraPro Short QQQ Price Performance
The stock's 50-day simple moving average is $31.67 and its 200-day simple moving average is $31.39.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a dividend yield of 8.62%.
Institutional Trading of ProShares UltraPro Short QQQ
A number of institutional investors and hedge funds have recently modified their holdings of SQQQ. IMC Chicago LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter worth $17,319,000. Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth about $13,933,000. Smithfield Trust Co grew its position in ProShares UltraPro Short QQQ by 503.5% during the first quarter. Smithfield Trust Co now owns 272,200 shares of the company's stock valued at $10,436,000 after buying an additional 227,100 shares during the period. Squarepoint Ops LLC bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at about $7,334,000. Finally, Goldman Sachs Group Inc. bought a new stake in ProShares UltraPro Short QQQ in the first quarter worth about $7,668,000.
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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