ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) fell 2.8% during mid-day trading on Thursday . The company traded as low as $19.10 and last traded at $19.11. 37,197,433 shares traded hands during trading, a decline of 42% from the average session volume of 63,966,906 shares. The stock had previously closed at $19.66.
ProShares UltraPro Short QQQ Stock Performance
The stock's fifty day moving average is $23.96 and its 200-day moving average is $29.94.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 25th were issued a $0.2566 dividend. This represents a $1.03 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Wednesday, June 25th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SQQQ. Parallel Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at approximately $27,000. Redwood Park Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 69.3% in the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock valued at $34,000 after buying an additional 363 shares during the period. PayPay Securities Corp boosted its holdings 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 buying an additional 719 shares during the period. Game Plan Financial Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 16,818.2% in the first quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock valued at $71,000 after buying an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at 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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