ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 12-Month Low – Here’s What Happened

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) hit a new 52-week low during trading on Thursday . The stock traded as low as $27.23 and last traded at $27.61, with a volume of 46238959 shares traded. The stock had previously closed at $28.70.

ProShares UltraPro Short QQQ Price Performance

The firm’s 50-day simple moving average is $30.54 and its 200 day simple moving average is $36.73.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8168 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Trading of ProShares UltraPro Short QQQ

Hedge funds have recently added to or reduced their stakes in the stock. RBF Capital LLC raised its position in shares of ProShares UltraPro Short QQQ by 230.7% in the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after purchasing an additional 1,166,014 shares during the period. IMC Chicago LLC raised its position in shares of ProShares UltraPro Short QQQ by 40.6% in the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock valued at $28,638,000 after purchasing an additional 1,119,452 shares during the period. Smithfield Trust Co raised its position in shares of ProShares UltraPro Short QQQ by 138.8% in the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock valued at $5,645,000 after purchasing an additional 444,000 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $1,848,000. Finally, Barclays PLC raised its position 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 purchasing an additional 124,500 shares during the period.

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.