ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 4.3%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price were down 4.3% during mid-day trading on Friday . The company traded as low as $8.93 and last traded at $8.97. Approximately 108,156,313 shares changed hands during trading, a decline of 19% from the average daily volume of 133,960,172 shares. The stock had previously closed at $9.37.

ProShares UltraPro Short QQQ Stock Performance

The business has a fifty day moving average of $8.64 and a 200-day moving average of $10.48.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were issued a $0.1605 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.64 annualized dividend and a dividend yield of 7.06%.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors and hedge funds have recently bought and sold shares of SQQQ. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ by 140.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after acquiring an additional 1,287 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after buying an additional 1,665 shares during the period. Game Plan Financial Advisors LLC raised its holdings in ProShares UltraPro Short QQQ by 450.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock valued at $32,000 after buying an additional 2,500 shares during the last quarter. Cedar Wealth Management LLC boosted its position in ProShares UltraPro Short QQQ by 17.1% during the 1st quarter. Cedar Wealth Management LLC now owns 28,374 shares of the company’s stock valued at $297,000 after buying an additional 4,142 shares during the period. Finally, PCG Wealth Advisors LLC boosted its position in ProShares UltraPro Short QQQ by 34.6% during the 2nd quarter. PCG Wealth Advisors LLC now owns 17,500 shares of the company’s stock valued at $145,000 after buying an additional 4,500 shares during the period.

About ProShares UltraPro Short QQQ

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.