ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shot up 3.8% during trading on Monday . The company traded as high as $32.84 and last traded at $32.86. 62,494,372 shares traded hands during trading, an increase of 26% from the average session volume of 49,703,206 shares. The stock had previously closed at $31.65.
ProShares UltraPro Short QQQ Trading Down 4.7 %
The company's fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $33.01.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 6.74%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the first quarter valued at approximately $27,000. PayPay Securities Corp grew its stake in shares of ProShares UltraPro Short QQQ by 85.9% in the first quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after purchasing an additional 719 shares in the last quarter. Centerpoint Advisors LLC grew 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 worth $187,000 after purchasing an additional 1,000 shares in the last quarter. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at about $62,000. Finally, SBI Securities Co. Ltd. grew its position in ProShares UltraPro Short QQQ by 18.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 16,070 shares of the company's stock valued at $616,000 after buying an additional 2,480 shares in the last quarter.
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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