Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) traded down 3.9% on Friday . The stock traded as low as $37.28 and last traded at $38.01. 25,966,037 shares were traded during mid-day trading, a decline of 60% from the average session volume of 64,978,531 shares. The stock had previously closed at $39.54.
ProShares UltraPro Short QQQ Price Performance
The firm has a 50-day simple moving average of $30.78 and a two-hundred day simple moving average of $33.50.
ProShares UltraPro Short QQQ Increases Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8168 per share. This is a positive change from ProShares UltraPro Short QQQ's previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SQQQ. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $62,000. Centerpoint Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 20.0% in the 4th 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 last quarter. World Investment Advisors LLC grew 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 valued at $207,000 after buying an additional 9,463 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $360,000. Finally, SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $423,000.
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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