Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) rose 5.7% during trading on Friday . The company traded as high as $19.58 and last traded at $19.46. Approximately 49,601,052 shares were traded during trading, a decline of 45% from the average daily volume of 90,931,961 shares. The stock had previously closed at $18.42.
ProShares UltraPro Short QQQ Price Performance
The firm has a fifty day moving average of $20.55 and a 200-day moving average of $28.26.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were issued a dividend of $0.2566 per share. This represents a $1.03 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Wednesday, June 25th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of large investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $3,155,000. Tower Research Capital LLC TRC raised its holdings in shares of ProShares UltraPro Short QQQ by 6,510.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company's stock valued at $1,029,000 after purchasing an additional 32,554 shares in the last quarter. Raffles Associates LP bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at $623,000. Squarepoint Ops LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $7,334,000. Finally, Parallel Advisors LLC bought a new position in ProShares UltraPro Short QQQ in the 1st quarter worth $27,000.
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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