ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 5.1% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) were up 5.1% during trading on Tuesday . The company traded as high as $37.91 and last traded at $37.85. Approximately 12,674,286 shares traded hands during trading, a decline of 67% from the average daily volume of 38,995,159 shares. The stock had previously closed at $36.02.

ProShares UltraPro Short QQQ Stock Performance

The stock has a fifty day moving average price of $30.90 and a 200 day moving average price of $33.52.

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 issued a dividend of $0.8168 per share. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Trading of ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $2,374,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $439,000. Compagnie Lombard Odier SCmA grew its holdings in ProShares UltraPro Short QQQ by 3,357.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company’s stock valued at $517,000 after buying an additional 16,116 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $423,000. Finally, Ridgepath Capital Management LLC grew its holdings in ProShares UltraPro Short QQQ by 761.2% in the 4th quarter. Ridgepath Capital Management LLC now owns 103,348 shares of the company’s stock valued at $3,218,000 after buying an additional 91,348 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.