Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $41.49, but opened at $39.90. ProShares UltraPro Short QQQ shares last traded at $39.21, with a volume of 13,879,366 shares traded.
ProShares UltraPro Short QQQ Trading Down 9.0 %
The business's 50 day moving average is $35.91 and its two-hundred day moving average is $33.24.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 5.11%.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently modified their holdings of SQQQ. IMC Chicago LLC acquired a new position in ProShares UltraPro Short QQQ during the first quarter worth about $17,319,000. Sollinda Capital Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $13,933,000. Squarepoint Ops LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $7,334,000. Barclays PLC lifted its stake in ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company's stock valued at $1,503,000 after purchasing an additional 124,500 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth approximately $3,155,000.
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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