ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price traded down 4.1% during trading on Monday . The stock traded as low as $21.85 and last traded at $21.83. 23,120,027 shares traded hands during trading, a decline of 62% from the average session volume of 61,128,974 shares. The stock had previously closed at $22.76.
ProShares UltraPro Short QQQ Stock Performance
The firm's 50 day moving average price is $27.52 and its 200 day moving average price is $30.64.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed 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. This represents a $1.93 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend was Wednesday, March 26th.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several hedge funds and other institutional investors have recently modified their holdings of the company. Redwood Park Advisors LLC raised its stake in shares of 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 acquiring an additional 363 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at about $27,000. PayPay Securities Corp raised its stake in shares of 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 acquiring an additional 719 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ by 16,818.2% during the first quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock valued at $71,000 after acquiring an additional 1,850 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of ProShares UltraPro Short QQQ by 18.2% during the first quarter. SBI Securities Co. Ltd. now owns 16,070 shares of the company's stock valued at $616,000 after acquiring an additional 2,480 shares during the last quarter.
ProShares UltraPro Short QQQ Company Profile
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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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