ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $28.76 and last traded at $28.81, with a volume of 5092560 shares trading hands. The stock had previously closed at $29.57.
ProShares UltraPro Short QQQ Price Performance
The company has a 50-day moving average of $33.83 and a 200-day moving average of $39.55.
ProShares UltraPro Short QQQ Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were issued a $0.7475 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is a boost from ProShares UltraPro Short QQQ's previous dividend of $0.16.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
A number of large investors have recently added to or reduced their stakes in SQQQ. RBF Capital LLC boosted its position in shares of ProShares UltraPro Short QQQ by 230.7% during the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company's stock worth $12,352,000 after buying an additional 1,166,014 shares during the period. IMC Chicago LLC lifted its stake in ProShares UltraPro Short QQQ by 40.6% in the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock valued at $28,638,000 after acquiring an additional 1,119,452 shares in the last quarter. Smithfield Trust Co boosted its position in ProShares UltraPro Short QQQ by 138.8% during the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company's stock worth $5,645,000 after acquiring an additional 444,000 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $1,848,000. Finally, DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $1,481,000.
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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