ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) dropped 4.5% on Monday . The stock traded as low as $29.34 and last traded at $29.38. Approximately 18,736,444 shares changed hands during trading, a decline of 39% from the average daily volume of 30,856,594 shares. The stock had previously closed at $30.75.
ProShares UltraPro Short QQQ Stock Performance
The firm has a 50 day moving average of $33.04 and a two-hundred day moving average of $38.63.
ProShares UltraPro Short QQQ Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.8168 per share. The ex-dividend date is Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ's previous dividend of $0.75.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SQQQ. IMC Chicago LLC lifted its position in ProShares UltraPro Short QQQ by 40.6% in the third 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 during the last quarter. RBF Capital LLC increased 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 purchasing an additional 1,166,014 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of ProShares UltraPro Short QQQ by 138.8% in the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company's stock valued at $5,645,000 after purchasing an additional 444,000 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $1,848,000. Finally, Barclays PLC grew its stake in ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after buying an additional 124,500 shares during the last quarter.
ProShares UltraPro Short QQQ Company Profile
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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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