ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $35.34, but opened at $37.44. ProShares UltraPro Short QQQ shares last traded at $37.17, with a volume of 23,976,377 shares changing hands.
ProShares UltraPro Short QQQ Trading Up 7.4 %
The business's 50-day simple moving average is $35.64 and its two-hundred day simple moving average is $33.21.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 4.65%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter worth $357,000. Robertson Stephens Wealth Management LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $2,698,000. PayPay Securities Corp lifted its position in ProShares UltraPro Short QQQ by 85.9% in the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after buying an additional 719 shares during the last quarter. IMC Chicago LLC purchased a new stake in ProShares UltraPro Short QQQ in the first quarter worth approximately $17,319,000. Finally, Parallel Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the first quarter worth approximately $27,000.
About ProShares UltraPro Short QQQ
(
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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