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ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down - Time to Sell?

ProShares UltraPro Short QQQ logo with background
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ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $28.93, but opened at $28.23. ProShares UltraPro Short QQQ shares last traded at $27.90, with a volume of 7,388,537 shares traded.

ProShares UltraPro Short QQQ Stock Performance

The company has a 50-day moving average of $29.42 and a two-hundred day moving average of $35.58.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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

Institutional investors have recently made changes to their positions in the company. IMC Chicago LLC grew its holdings in ProShares UltraPro Short QQQ by 40.6% during the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock worth $28,638,000 after acquiring an additional 1,119,452 shares in the last quarter. RBF Capital LLC lifted its position in ProShares UltraPro Short QQQ by 230.7% in the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company's stock valued at $12,352,000 after purchasing an additional 1,166,014 shares during the last quarter. Smithfield Trust Co grew its holdings in ProShares UltraPro Short QQQ by 138.8% in the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company's stock worth $5,645,000 after buying an additional 444,000 shares in the last quarter. Sollinda Capital Management LLC bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $13,933,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $1,848,000.

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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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