ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares shot up 7% on Monday . The stock traded as high as $40.70 and last traded at $41.34. 12,992,015 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 47,899,788 shares. The stock had previously closed at $38.64.
ProShares UltraPro Short QQQ Trading Up 8.4 %
The firm has a fifty day moving average price of $35.64 and a 200-day moving average price of $33.21.
ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a yield of 4.61%. The ex-dividend date was Wednesday, March 26th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SQQQ. Parallel Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the first quarter valued at approximately $27,000. PayPay Securities Corp increased its holdings 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 valued at $60,000 after purchasing an additional 719 shares in the last quarter. Peoples Bank KS acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth about $62,000. Centerpoint Advisors LLC boosted its position in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock worth $187,000 after buying an additional 1,000 shares during the period. Finally, World Investment Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 51.0% in the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock valued at $207,000 after buying an additional 9,463 shares in the last quarter.
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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