Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $32.68, but opened at $33.82. ProShares UltraPro Short QQQ shares last traded at $34.16, with a volume of 10,148,556 shares.
ProShares UltraPro Short QQQ Trading Up 7.4 %
The business's fifty day moving average is $37.09 and its two-hundred day moving average is $42.41.
ProShares UltraPro Short QQQ Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a $0.7475 dividend. This is a positive change from ProShares UltraPro Short QQQ's previous dividend of $0.16. The ex-dividend date was Wednesday, September 25th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
Institutional investors and hedge funds have recently bought and sold shares of the company. IMC Chicago LLC increased its stake in shares of ProShares UltraPro Short QQQ by 40.6% during the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock valued at $28,638,000 after buying an additional 1,119,452 shares during the period. Jane Street Group LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company's stock valued at $20,405,000 after purchasing an additional 1,540,169 shares in the last quarter. RBF Capital LLC lifted its position in shares of 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 worth $12,352,000 after purchasing an additional 1,166,014 shares during the period. Smithfield Trust Co boosted its stake in shares of ProShares UltraPro Short QQQ by 138.8% during the third 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 in the last quarter. Finally, Lane Generational LLC increased its holdings in ProShares UltraPro Short QQQ by 18.7% during the first quarter. Lane Generational LLC now owns 320,799 shares of the company's stock valued at $3,362,000 after buying an additional 50,645 shares during the period.
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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