ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.68

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $8.68, but opened at $8.49. ProShares UltraPro Short QQQ shares last traded at $8.46, with a volume of 19,377,582 shares trading hands.

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ProShares UltraPro Short QQQ Stock Performance

The business has a 50 day moving average of $10.58 and a 200-day moving average of $11.89.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a dividend of $0.164 per share. The ex-dividend date was Wednesday, March 20th.

Institutional Trading of ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $21,670,000. Jane Street Group LLC grew its position in ProShares UltraPro Short QQQ by 378.6% during the first quarter. Jane Street Group LLC now owns 1,947,014 shares of the company's stock worth $20,405,000 after buying an additional 1,540,169 shares in the last quarter. IMC Chicago LLC purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $12,115,000. Elevatus Welath Management purchased a new position in ProShares UltraPro Short QQQ during the third quarter worth about $10,428,000. Finally, Simplex Trading LLC grew its position in ProShares UltraPro Short QQQ by 132.0% during the first quarter. Simplex Trading LLC now owns 833,229 shares of the company's stock worth $8,732,000 after buying an additional 474,067 shares in the last quarter.

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ProShares UltraPro Short QQQ Company Profile

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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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