Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) were up 4.2% on Friday . The company traded as high as $22.87 and last traded at $22.84. Approximately 107,857,408 shares changed hands during trading, an increase of 77% from the average daily volume of 60,824,531 shares. The stock had previously closed at $21.92.
ProShares UltraPro Short QQQ Stock Performance
The business has a 50-day moving average of $28.31 and a two-hundred day moving average of $30.82.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. This represents a $1.93 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ during the first quarter valued at approximately $27,000. Redwood Park Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 69.3% during the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock valued at $34,000 after purchasing an additional 363 shares in the last quarter. PayPay Securities Corp boosted its holdings in ProShares UltraPro Short QQQ by 85.9% during 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 in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 16,818.2% in the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock worth $71,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $100,000.
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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