ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price 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 changing hands.
ProShares UltraPro Short QQQ Stock Performance
The business'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 disclosed 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.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Hedge funds and other institutional investors have recently made changes to their positions in the business. RBF Capital LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 230.7% during the third 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. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 40.6% during the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock worth $28,638,000 after purchasing an additional 1,119,452 shares during the period. Smithfield Trust Co boosted its stake in ProShares UltraPro Short QQQ by 138.8% during the third quarter. Smithfield Trust Co now owns 764,000 shares of the company's stock worth $5,645,000 after buying an additional 444,000 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at approximately $1,848,000. Finally, DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $1,481,000.
About ProShares UltraPro Short QQQ
(
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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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