ProShares UltraPro Short QQQ Stock Set to Reverse Split on Thursday, November 7th (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock is going to reverse split on the morning of Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.

ProShares UltraPro Short QQQ Price Performance

Shares of NASDAQ:SQQQ opened at $7.44 on Friday. ProShares UltraPro Short QQQ has a 12 month low of $6.85 and a 12 month high of $20.04. The company’s 50-day moving average price is $7.81 and its two-hundred day moving average price is $8.85.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter valued at $133,000. Hollencrest Capital Management raised its holdings in ProShares UltraPro Short QQQ by 40.1% during the 3rd quarter. Hollencrest Capital Management now owns 130,262 shares of the company’s stock worth $963,000 after purchasing an additional 37,256 shares during the last quarter. TFB Advisors LLC acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $131,000. IMC Chicago LLC lifted its position in ProShares UltraPro Short QQQ by 40.6% during the 3rd 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. Finally, Galibier Capital Management Ltd. boosted its stake in shares of ProShares UltraPro Short QQQ by 25.1% in the 3rd quarter. Galibier Capital Management Ltd. now owns 54,400 shares of the company’s stock valued at $402,000 after purchasing an additional 10,900 shares during the last quarter.

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.