Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Free Report) are going to reverse split on the morning of Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.
ProShares UltraPro Short QQQ Stock Up 2.0 %
ProShares UltraPro Short QQQ stock traded up $0.14 during midday trading on Wednesday, hitting $7.06. 157,478,750 shares of the company were exchanged, compared to its average volume of 145,444,594. ProShares UltraPro Short QQQ has a fifty-two week low of $6.85 and a fifty-two week high of $22.52. The business has a fifty day simple moving average of $7.85 and a two-hundred day simple moving average of $8.90.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several large investors have recently made changes to their positions in SQQQ. IMC Chicago LLC increased its holdings in ProShares UltraPro Short QQQ by 40.6% in the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock valued at $28,638,000 after buying an additional 1,119,452 shares in the last quarter. Jane Street Group LLC raised its holdings in ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company's stock worth $20,405,000 after purchasing an additional 1,540,169 shares during the period. Lane Generational LLC boosted its position in ProShares UltraPro Short QQQ by 18.7% during the first quarter. Lane Generational LLC now owns 320,799 shares of the company's stock worth $3,362,000 after purchasing an additional 50,645 shares in the last quarter. Smithfield Trust Co boosted its position in ProShares UltraPro Short QQQ by 26.7% during the first quarter. Smithfield Trust Co now owns 231,500 shares of the company's stock worth $2,427,000 after purchasing an additional 48,800 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $1,481,000.
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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