ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $36.40, but opened at $34.75. ProShares UltraPro Short QQQ shares last traded at $34.41, with a volume of 11,397,083 shares trading hands.
ProShares UltraPro Short QQQ Stock Performance
The firm's 50-day moving average is $31.37 and its two-hundred day moving average is $33.19.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be given a $0.4823 dividend. This represents a $1.93 annualized dividend and a yield of 5.06%. The ex-dividend date is Wednesday, March 26th.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Centerpoint Advisors LLC grew its stake 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 worth $187,000 after acquiring an additional 1,000 shares during the period. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter valued at approximately $62,000. World Investment Advisors LLC boosted its position in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after buying an additional 9,463 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $360,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $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.
See Also
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