ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) shares were down 2.6% during mid-day trading on Wednesday . The company traded as low as $36.44 and last traded at $36.45. Approximately 56,865,725 shares changed hands during trading, an increase of 37% from the average daily volume of 41,542,150 shares. The stock had previously closed at $37.44.
ProShares UltraPro Short QQQ Trading Down 0.4 %
The company has a 50-day moving average price of $32.84 and a 200-day moving average price of $32.97.
ProShares UltraPro Short QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 3.85%.
Institutional Trading of ProShares UltraPro Short QQQ
Large investors have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth about $1,848,000. Barclays PLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 157.8% in the third quarter. Barclays PLC now owns 203,395 shares of the company's stock valued at $1,503,000 after buying an additional 124,500 shares during the period. World Investment Advisors LLC increased its position 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 acquiring an additional 9,463 shares in the last quarter. Peoples Bank KS bought a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at $62,000. Finally, Foundations Investment Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $360,000.
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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