ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up before the market opened on Monday . The stock had previously closed at $31.83, but opened at $32.98. ProShares UltraPro Short QQQ shares last traded at $32.93, with a volume of 11,495,989 shares.

ProShares UltraPro Short QQQ Stock Up 3.7 %

The stock has a 50 day moving average of $31.31 and a 200 day moving average of $37.37.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8168 per share. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors have recently bought and sold shares of the company. IMC Chicago LLC raised its position in shares of ProShares UltraPro Short QQQ by 40.6% in the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after acquiring an additional 1,119,452 shares in the last quarter. RBF Capital LLC increased its holdings in 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 worth $12,352,000 after purchasing an additional 1,166,014 shares in the last quarter. Smithfield Trust Co lifted its stake in 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 buying an additional 444,000 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $1,848,000. Finally, Barclays PLC increased its stake in shares of ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after acquiring an additional 124,500 shares in 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.