ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 1.5%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) shares were up 1.5% on Wednesday . The stock traded as high as $27.19 and last traded at $26.67. Approximately 124,369,156 shares traded hands during trading, a decline of 5% from the average daily volume of 130,765,383 shares. The stock had previously closed at $26.27.

ProShares UltraPro Short QQQ Trading Down 7.6 %

The company has a 50 day moving average price of $28.67 and a 200 day moving average price of $32.49.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Investors of record on Thursday, March 23rd were paid a $0.204 dividend. The ex-dividend date was Wednesday, March 22nd. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $0.15. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.56%.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PayPay Securities Corp purchased a new position in ProShares UltraPro Short QQQ during the first quarter worth $35,000. Psagot Value Holdings Ltd. Israel lifted its stake in shares of ProShares UltraPro Short QQQ by 229.4% during the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 718 shares of the company’s stock worth $44,000 after purchasing an additional 500 shares during the period. Bank of Montreal Can lifted its stake in shares of ProShares UltraPro Short QQQ by 108.0% during the 4th quarter. Bank of Montreal Can now owns 915 shares of the company’s stock worth $51,000 after purchasing an additional 475 shares during the period. Lindbrook Capital LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 33.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,000 shares of the company’s stock worth $59,000 after purchasing an additional 500 shares during the period. Finally, IFP Advisors Inc purchased a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth $63,000.

ProShares UltraPro Short QQQ Company Profile

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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.