ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 12-Month Low at $16.01

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares reached a new 52-week low on Monday . The stock traded as low as $16.01 and last traded at $16.09, with a volume of 14227112 shares trading hands. The stock had previously closed at $16.28.

ProShares UltraPro Short QQQ Price Performance

The firm has a 50-day moving average price of $19.41 and a two-hundred day moving average price of $20.19.

ProShares UltraPro Short QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Thursday, September 21st were given a $0.324 dividend. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $1.30 annualized dividend and a yield of 8.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new position in ProShares UltraPro Short QQQ during the second quarter worth $73,601,000. GTS Securities LLC acquired a new position in ProShares UltraPro Short QQQ during the second quarter worth $56,305,000. SCEP Management Ltd raised its stake in ProShares UltraPro Short QQQ by 664.8% during the second quarter. SCEP Management Ltd now owns 1,388,344 shares of the company’s stock worth $26,254,000 after acquiring an additional 1,206,810 shares in the last quarter. RBF Capital LLC raised its stake in ProShares UltraPro Short QQQ by 240.9% during the second quarter. RBF Capital LLC now owns 984,132 shares of the company’s stock worth $18,610,000 after acquiring an additional 695,472 shares in the last quarter. Finally, Jump Financial LLC raised its stake in ProShares UltraPro Short QQQ by 3,641.8% during the first quarter. Jump Financial LLC now owns 730,444 shares of the company’s stock worth $21,446,000 after acquiring an additional 710,923 shares in the last quarter.

ProShares UltraPro Short QQQ Company Profile

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.