ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares fell 2.6% on Wednesday . The company traded as low as $36.44 and last traded at $36.45. 56,865,725 shares changed hands during trading, an increase of 37% from the average session volume of 41,542,150 shares. The stock had previously closed at $37.44.
ProShares UltraPro Short QQQ Stock Performance
The company has a 50-day moving average of $34.41 and a 200-day moving average of $33.26.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a dividend yield of 5.63%.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SQQQ. Parallel Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter worth about $27,000. Centerpoint Advisors LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 20.0% during the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after buying an additional 1,000 shares during the period. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $62,000. World Investment Advisors LLC grew its stake 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 acquiring an additional 9,463 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at $360,000.
ProShares UltraPro Short QQQ Company Profile
(
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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