ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Up 2.3%

ProShares UltraPro Short QQQ (NASDAQ:SQQQGet Free Report) rose 2.3% during trading on Friday . The company traded as high as $13.64 and last traded at $13.57. Approximately 53,430,772 shares were traded during trading, a decline of 58% from the average daily volume of 126,992,938 shares. The stock had previously closed at $13.27.

ProShares UltraPro Short QQQ Stock Performance

The business has a 50-day moving average price of $16.81 and a 200 day moving average price of $18.25.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 21st were given a dividend of $0.283 per share. The ex-dividend date was Wednesday, December 20th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.34%.

Institutional Trading of ProShares UltraPro Short QQQ

A number of institutional investors have recently added to or reduced their stakes in SQQQ. Gables Capital Management Inc. purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $28,000. Spire Wealth Management increased its stake in ProShares UltraPro Short QQQ by 86.7% in the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after acquiring an additional 867 shares during the last quarter. Hoey Investments Inc. increased its stake in ProShares UltraPro Short QQQ by 100.0% in the 3rd quarter. Hoey Investments Inc. now owns 2,000 shares of the company’s stock worth $41,000 after acquiring an additional 1,000 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth about $57,000. Finally, Bank of Montreal Can bought a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at about $59,000.

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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