ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 3.1% – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares dropped 3.1% on Tuesday . The stock traded as low as $29.06 and last traded at $28.81. Approximately 8,774,012 shares changed hands during trading, a decline of 84% from the average daily volume of 54,198,176 shares. The stock had previously closed at $29.72.

ProShares UltraPro Short QQQ Stock Down 1.6 %

The business’s 50 day simple moving average is $29.85 and its two-hundred day simple moving average is $36.19.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Peoples Bank KS purchased a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at $62,000. TFB Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the third quarter valued at about $131,000. CWA Asset Management Group LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at approximately $133,000. SG Americas Securities LLC increased its stake in shares of ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after purchasing an additional 3,679 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $144,000.

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.