ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 4.7% - What's Next?

Key Points

• SQQQ fell about 4.7% intraday to roughly $85.20 from a prior close of $89.42 on Tuesday, with ~13.19 million shares traded (about a 76% decline versus its ~54.3 million average daily volume); the price remains above its 50‑ and 200‑day simple moving averages (≈$71.88 and $71.42).
• The fund disclosed a quarterly dividend of $0.6384 per share (ex‑dividend Mar 25, payable Mar 31), implying an annualized payout of $2.55 and a yield near 3.1%.
• SQQQ is a 3x inverse NASDAQ‑100 ETF that uses derivatives, and several large investors (including Quadrature Capital, Q Fund Management HK, TB Alternative Assets, Two Seas Capital and Smithfield Trust) recently established or increased positions in the fund.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - )'s share price dropped 4.7% during mid-day trading on Tuesday . The stock traded as low as $84.89 and last traded at $85.1950. Approximately 13,190,919 shares changed hands during trading, a decline of 76% from the average daily volume of 54,315,324 shares. The stock had previously closed at $89.42.

ProShares UltraPro Short QQQ Price Performance

The business's 50-day simple moving average is $71.88 and its two-hundred day simple moving average is $71.42.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.6384 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.55 annualized dividend and a yield of 3.1%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth about $33,368,000. Q Fund Management Hong Kong Ltd bought a new stake in ProShares UltraPro Short QQQ during the second quarter valued at $11,051,000. TB Alternative Assets Ltd. bought a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter worth about $8,394,000. Two Seas Capital LP bought a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at about $9,785,000. Finally, Smithfield Trust Co lifted its holdings in ProShares UltraPro Short QQQ by 330.6% in the third quarter. Smithfield Trust Co now owns 559,600 shares of the company's stock worth $8,523,000 after acquiring an additional 429,640 shares during the last quarter.

ProShares UltraPro Short QQQ Company Profile

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.

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