ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares were up 3% during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $34.30 and last traded at $34.53. Approximately 36,214,682 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 40,064,110 shares. The stock had previously closed at $33.52.
The newly announced dividend which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Wednesday, March 26th.
ProShares UltraPro Short QQQ Trading Up 8.0 %
The business's fifty day simple moving average is $31.55 and its two-hundred day simple moving average is $33.05.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. RBF Capital LLC boosted its stake in ProShares UltraPro Short QQQ by 230.7% during 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. Kovitz Investment Group Partners LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $1,848,000. Barclays PLC boosted its stake in shares of ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after buying an additional 124,500 shares during the period. World Investment Advisors LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after buying an additional 9,463 shares during the last quarter. Finally, Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000.
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.
Further Reading
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