Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw an uptick in trading volume on Friday . 45,819,210 shares changed hands during mid-day trading, an increase of 8% from the previous session's volume of 42,384,560 shares.The stock last traded at $46.40 and had previously closed at $42.53.
ProShares UltraPro Short QQQ Stock Down 35.3 %
The company has a fifty day moving average price of $34.19 and a two-hundred day moving average price of $33.28.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a $0.4823 dividend. This represents a $1.93 annualized dividend and a yield of 5.63%. The ex-dividend date was Wednesday, March 26th.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $2,922,000. Capital Investment Advisory Services LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at $2,374,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth $439,000. Compagnie Lombard Odier SCmA grew its holdings in shares of ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock worth $517,000 after acquiring an additional 16,116 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth $423,000.
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.
Further Reading
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