ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s stock price rose 12.5% during trading on Thursday . The company traded as high as $41.26 and last traded at $41.19. Approximately 27,242,244 shares were traded during trading, a decline of 35% from the average daily volume of 41,856,381 shares. The stock had previously closed at $36.60.
ProShares UltraPro Short QQQ Price Performance
The stock has a fifty day moving average price of $33.24 and a two-hundred day moving average price of $33.05.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 3.84%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the first quarter valued at approximately $27,000. Centerpoint Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 20.0% during the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after purchasing an additional 1,000 shares in the last quarter. Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth $62,000. World Investment Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 51.0% in the 3rd 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 in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $360,000.
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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