ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price rose 7% on Monday . The company traded as high as $40.70 and last traded at $41.34. Approximately 12,992,015 shares changed hands during trading, a decline of 73% from the average daily volume of 47,899,788 shares. The stock had previously closed at $38.64.
ProShares UltraPro Short QQQ Stock Performance
The company's 50 day simple moving average is $36.54 and its 200-day simple moving average is $33.19.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed 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 6.10%.
Institutional Trading of ProShares UltraPro Short QQQ
A number of large investors have recently made changes to their positions in SQQQ. Parallel Advisors LLC purchased a new position in ProShares UltraPro Short QQQ during the first quarter valued at approximately $27,000. PayPay Securities Corp boosted 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 valued at $60,000 after purchasing an additional 719 shares during the period. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000. Centerpoint Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 20.0% in the 4th 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 in the last quarter. Finally, World Investment Advisors LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 51.0% in the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock valued at $207,000 after acquiring an additional 9,463 shares during 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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