ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price dropped 4.1% during trading on Friday . The company traded as low as $28.83 and last traded at $28.77. Approximately 32,925,214 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 87,320,148 shares. The stock had previously closed at $30.01.
ProShares UltraPro Short QQQ Stock Up 2.7 %
The firm has a 50 day moving average of $36.73 and a 200 day moving average of $32.94.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 6.45%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IMC Chicago LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the first quarter worth about $17,319,000. Sollinda Capital Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at about $13,933,000. Squarepoint Ops LLC bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth about $7,334,000. Barclays PLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after purchasing an additional 124,500 shares in the last quarter. Finally, Ridgepath Capital Management LLC increased its position in shares of ProShares UltraPro Short QQQ by 761.2% during the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock valued at $3,218,000 after purchasing an additional 91,348 shares during the last quarter.
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.
See Also
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