Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) were down 2.6% during trading on Tuesday . The stock traded as low as $34.52 and last traded at $34.53. Approximately 12,425,409 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 47,086,204 shares. The stock had previously closed at $35.45.
ProShares UltraPro Short QQQ Trading Up 0.3 %
The business's fifty day moving average is $35.64 and its two-hundred day moving average is $33.24.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued 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 4.99%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth $2,922,000. DRW Securities LLC bought a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $3,155,000. Capital Investment Advisory Services LLC purchased a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at about $2,374,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $439,000. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock worth $517,000 after purchasing an additional 16,116 shares during the period.
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.
Further Reading
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