ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares were up 3.5% during trading on Wednesday . The stock traded as high as $7.32 and last traded at $7.32. Approximately 66,348,977 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 144,393,688 shares. The stock had previously closed at $7.07.
ProShares UltraPro Short QQQ Price Performance
The company has a 50-day moving average price of $7.93 and a 200 day moving average price of $9.01.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were paid a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at about $41,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ProShares UltraPro Short QQQ by 438.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company's stock valued at $85,000 after purchasing an additional 6,580 shares during the period. Jeppson Wealth Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at about $88,000. Finally, Camarda Financial Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the first quarter valued at about $107,000.
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.
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