Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shot up 4.2% on Friday . The company traded as high as $22.87 and last traded at $22.84. 107,857,408 shares were traded during mid-day trading, an increase of 77% from the average session volume of 60,824,531 shares. The stock had previously closed at $21.92.
ProShares UltraPro Short QQQ Price Performance
The business has a 50 day simple moving average of $28.93 and a two-hundred day simple moving average of $30.93.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid 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 yield of 8.48%.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently bought and sold shares of SQQQ. IMC Chicago LLC purchased a new stake in ProShares UltraPro Short QQQ in the first quarter worth $17,319,000. Sollinda Capital Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at $13,933,000. Squarepoint Ops LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at $7,334,000. Smithfield Trust Co increased its stake in shares of ProShares UltraPro Short QQQ by 503.5% during the first quarter. Smithfield Trust Co now owns 272,200 shares of the company's stock valued at $10,436,000 after buying an additional 227,100 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at $7,668,000.
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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