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

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

ProShares UltraPro Short QQQ Stock Down 3.3 %

The business has a fifty day moving average price of $30.03 and a 200 day moving average price of $36.34.

ProShares UltraPro Short QQQ Increases Dividend

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

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

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

About ProShares UltraPro Short QQQ

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.