ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price traded down 4.1% during mid-day trading on Friday . The stock traded as low as $28.83 and last traded at $28.77. 32,925,214 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 87,320,148 shares. The stock had previously closed at $30.01.
ProShares UltraPro Short QQQ Trading Down 2.0 %
The firm's fifty day simple moving average is $36.64 and its two-hundred day simple moving average is $32.89.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.4823 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors have recently added to or reduced their stakes in SQQQ. Headlands Technologies LLC bought a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $2,922,000. DRW Securities LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $3,155,000. Raffles Associates LP purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth about $623,000. Capital Investment Advisory Services LLC purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter worth about $2,374,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $439,000.
About ProShares UltraPro Short QQQ
(
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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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