ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $31.55, but opened at $32.29. ProShares UltraPro Short QQQ shares last traded at $32.29, with a volume of 11,385,114 shares.
ProShares UltraPro Short QQQ Trading Down 2.5 %
The firm's 50-day moving average price is $33.26 and its two-hundred day moving average price is $39.01.
ProShares UltraPro Short QQQ Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders 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 of this dividend was Wednesday, September 25th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raffles Associates LP increased its position in shares of ProShares UltraPro Short QQQ by 250.0% during the 2nd quarter. Raffles Associates LP now owns 175,000 shares of the company's stock worth $1,449,000 after purchasing an additional 125,000 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at about $548,000. DRW Securities LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at approximately $1,481,000. AFG Fiduciary Services Limited Partnership lifted its holdings in shares of ProShares UltraPro Short QQQ by 171.4% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 35,130 shares of the company's stock worth $284,000 after acquiring an additional 22,184 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $41,000.
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.
Further Reading
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