Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $38.30, but opened at $40.06. ProShares UltraPro Short QQQ shares last traded at $40.12, with a volume of 21,243,210 shares traded.
ProShares UltraPro Short QQQ Stock Performance
The stock's 50-day moving average is $32.39 and its two-hundred day moving average is $33.03.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared 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. This represents a $1.93 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Wednesday, March 26th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of large investors have recently added to or reduced their stakes in SQQQ. Headlands Technologies LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at $2,922,000. Capital Investment Advisory Services LLC bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at $2,374,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter worth $439,000. Compagnie Lombard Odier SCmA increased its holdings in shares of ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company's stock worth $517,000 after buying an additional 16,116 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at about $423,000.
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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