ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares fell 24% during trading on Wednesday . The stock traded as low as $38.68 and last traded at $40.26. 137,458,012 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 45,031,903 shares. The stock had previously closed at $52.97.
ProShares UltraPro Short QQQ Stock Performance
The firm has a 50 day simple moving average of $34.87 and a two-hundred day simple moving average of $33.21.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 5.44%.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter valued at about $27,000. Centerpoint Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 20.0% during the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after purchasing an additional 1,000 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $62,000. World Investment Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 51.0% in the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after purchasing an additional 9,463 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter worth $360,000.
ProShares UltraPro Short QQQ Company Profile
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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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