ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 3.8% - Should You Buy?

Key Points

• Shares of SQQQ climbed about 3.8% intraday to roughly $85.65 (high $85.89) on Friday, with volume around 16.8 million shares—about 69% below the average daily volume of ~54.1 million.
• The fund announced a quarterly dividend of $0.6384 (ex-dividend March 25, payable March 31), equal to a $2.55 annualized payout and roughly a 3.0% yield.
• Institutional investors showed notable interest—Quadrature Capital opened a ~$33.4M stake and firms like Citigroup and Flow Traders materially increased positions—while the ETF seeks daily returns equal to -3x the NASDAQ‑100 using derivatives.

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - ) were up 3.8% on Friday . The stock traded as high as $85.89 and last traded at $85.6480. Approximately 16,794,625 shares were traded during trading, a decline of 69% from the average daily volume of 54,120,039 shares. The stock had previously closed at $82.50.

ProShares UltraPro Short QQQ Stock Up 4.4%

The stock has a fifty day moving average of $71.01 and a 200-day moving average of $71.56.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.6384 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.55 annualized dividend and a dividend yield of 3.0%.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new stake in ProShares UltraPro Short QQQ in the third quarter valued at $33,368,000. Citigroup Inc. increased its position in shares of ProShares UltraPro Short QQQ by 17.5% during the third quarter. Citigroup Inc. now owns 714,260 shares of the company's stock worth $10,878,000 after purchasing an additional 106,243 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro Short QQQ by 168.5% during the third quarter. Flow Traders U.S. LLC now owns 672,442 shares of the company's stock worth $10,241,000 after purchasing an additional 421,972 shares in the last quarter. Q Fund Management Hong Kong Ltd purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $11,051,000. Finally, Smithfield Trust Co boosted its position in shares of ProShares UltraPro Short QQQ by 330.6% in the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company's stock valued at $8,523,000 after purchasing an additional 429,640 shares during the period.

About ProShares UltraPro Short QQQ

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.

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