ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading 1.5% Higher

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating)’s share price traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $27.19 and last traded at $26.67. 124,369,156 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 130,765,383 shares. The stock had previously closed at $26.27.

ProShares UltraPro Short QQQ Price Performance

The business’s 50-day moving average price is $28.67 and its 200-day moving average price is $32.49.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Thursday, March 23rd were given a $0.204 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, March 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.56%.

Institutional Trading of ProShares UltraPro Short QQQ

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. acquired a new position in ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $307,000. Goldman Sachs Group Inc. acquired a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter valued at $2,001,000. Bank of America Corp DE purchased a new position in ProShares UltraPro Short QQQ in the 1st quarter worth $1,566,000. Renaissance Technologies LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $8,848,000. Finally, Creative Planning acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $260,000.

ProShares UltraPro Short QQQ Company Profile

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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.