ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report)'s share price shot up 5.6% during mid-day trading on Monday . The company traded as high as $30.97 and last traded at $30.78. 17,969,727 shares changed hands during trading, a decline of 42% from the average session volume of 30,891,275 shares. The stock had previously closed at $29.15.
ProShares UltraPro Short QQQ Price Performance
The stock's 50 day moving average price is $32.40 and its two-hundred day moving average price is $38.15.
ProShares UltraPro Short QQQ Increases Dividend
The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.8168 per share. This is a boost from ProShares UltraPro Short QQQ's previous dividend of $0.75. The ex-dividend date is Monday, December 23rd.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter valued at $41,000. Jeppson Wealth Management LLC bought a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at $88,000. TFB Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the 3rd quarter worth $131,000. Finally, CWA Asset Management Group LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $133,000.
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.
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