Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $32.26, but opened at $30.76. ProShares UltraPro Short QQQ shares last traded at $30.22, with a volume of 19,992,925 shares.
ProShares UltraPro Short QQQ Price Performance
The company has a fifty day moving average price of $31.04 and a two-hundred day moving average price of $37.15.
ProShares UltraPro Short QQQ Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8168 dividend. This is an increase from ProShares UltraPro Short QQQ's previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth $29,000. Peoples Bank KS acquired a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth about $62,000. TFB Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth about $131,000. CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ in the 3rd quarter valued at about $133,000. Finally, SG Americas Securities LLC increased its position in ProShares UltraPro Short QQQ by 25.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company's stock valued at $134,000 after acquiring an additional 3,679 shares during the period.
About ProShares UltraPro Short QQQ
(
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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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