ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price traded up 3.4% on Friday . The company traded as high as $24.72 and last traded at $24.39. 80,374,977 shares traded hands during trading, an increase of 39% from the average session volume of 57,884,471 shares. The stock had previously closed at $23.58.
ProShares UltraPro Short QQQ Trading Up 2.1%
The firm has a 50-day moving average of $32.78 and a two-hundred day moving average of $31.67.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given 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 8.01%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in SQQQ. Headlands Technologies LLC bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at $2,922,000. DRW Securities LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $3,155,000. Raffles Associates LP bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $623,000. Mirae Asset Global Investments Co. Ltd. bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $439,000. Finally, Compagnie Lombard Odier SCmA lifted its position in ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock valued at $517,000 after acquiring an additional 16,116 shares in 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.
Further Reading
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