ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as $36.44 and last traded at $36.45. 56,865,725 shares changed hands during mid-day 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 Price Performance
The business has a 50 day moving average price of $32.84 and a 200 day moving average price of $32.97.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 3.85%.
Institutional Trading of ProShares UltraPro Short QQQ
Hedge funds have recently bought and sold shares of the stock. Sollinda Capital Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $13,933,000. Kovitz Investment Group Partners LLC bought a new position in ProShares UltraPro Short QQQ in the third quarter worth $1,848,000. Squarepoint Ops LLC acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $7,334,000. Barclays PLC increased its holdings in ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company's stock valued at $1,503,000 after buying an additional 124,500 shares during the period. Finally, Ridgepath Capital Management LLC raised its stake in shares of ProShares UltraPro Short QQQ by 761.2% in the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company's stock valued at $3,218,000 after buying an additional 91,348 shares in the last quarter.
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.
See Also
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
