ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.30

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $8.30, but opened at $8.13. ProShares UltraPro Short QQQ shares last traded at $8.22, with a volume of 19,773,592 shares changing hands.

ProShares UltraPro Short QQQ Stock Performance

The business has a 50-day moving average of $8.66 and a 200 day moving average of $9.61.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were given a $0.1605 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date was Wednesday, June 26th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of ProShares UltraPro Short QQQ by 318.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock valued at $3,082,000 after buying an additional 174,314 shares during the period. SG Americas Securities LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 299.1% in the 1st quarter. SG Americas Securities LLC now owns 85,373 shares of the company’s stock worth $895,000 after purchasing an additional 63,983 shares during the period. IMC Chicago LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 43.4% during the 1st quarter. IMC Chicago LLC now owns 1,291,481 shares of the company’s stock worth $13,535,000 after purchasing an additional 390,730 shares during the period. Jane Street Group LLC increased its position in ProShares UltraPro Short QQQ by 378.6% during the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after purchasing an additional 1,540,169 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in ProShares UltraPro Short QQQ by 23.8% in the first quarter. Banque Cantonale Vaudoise now owns 284,344 shares of the company’s stock valued at $2,980,000 after buying an additional 54,632 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.