ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $7.86 and last traded at $7.94, with a volume of 52786152 shares traded. The stock had previously closed at $8.13.
ProShares UltraPro Short QQQ Price Performance
The business has a 50-day moving average of $9.88 and a 200 day moving average of $11.28.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be given a $0.1605 dividend. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.75%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in ProShares UltraPro Short QQQ by 11.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,123 shares of the company's stock valued at $289,000 after purchasing an additional 1,500 shares during the period. Per Stirling Capital Management LLC. raised its position in ProShares UltraPro Short QQQ by 4.9% during the third quarter. Per Stirling Capital Management LLC. now owns 15,566 shares of the company's stock valued at $318,000 after purchasing an additional 725 shares during the period. Hodges Capital Management Inc. purchased a new stake in ProShares UltraPro Short QQQ during the third quarter valued at approximately $1,022,000. Elevatus Welath Management purchased a new stake in ProShares UltraPro Short QQQ during the third quarter valued at approximately $10,428,000. Finally, VitalStone Financial LLC raised its position in ProShares UltraPro Short QQQ by 64.6% during the third quarter. VitalStone Financial LLC now owns 5,225 shares of the company's stock valued at $107,000 after purchasing an additional 2,050 shares during the period.
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.
See Also
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