ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $37.46

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $37.46, but opened at $38.47. ProShares UltraPro Short QQQ shares last traded at $38.12, with a volume of 40,398,206 shares traded.

ProShares UltraPro Short QQQ Trading Down 7.9 %

The business’s fifty day moving average price is $40.36 and its 200 day moving average price is $47.27.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 23rd were issued a dividend of $0.151 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, December 22nd.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. ESG Planning bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $2,392,000. Hamilton Wealth LLC bought a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $4,307,000. David R. Rahn & Associates Inc. bought a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $10,782,000. Vontobel Holding Ltd. bought a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $510,000. Finally, Kingfisher Capital LLC lifted its holdings in ProShares UltraPro Short QQQ by 7,411.8% during the 3rd quarter. Kingfisher Capital LLC now owns 326,011 shares of the company’s stock valued at $19,991,000 after purchasing an additional 321,671 shares during the last quarter.

ProShares UltraPro Short QQQ Company Profile

(Get Rating)

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.