ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 5.1% – Should You Sell?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price traded down 5.1% during trading on Tuesday . The stock traded as low as $29.02 and last traded at $28.85. 42,141,544 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 53,335,797 shares. The stock had previously closed at $30.40.

ProShares UltraPro Short QQQ Price Performance

The company’s 50-day moving average price is $30.46 and its two-hundred day moving average price is $36.68.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8168 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares UltraPro Short QQQ in the second quarter worth $29,000. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $62,000. TFB Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth $131,000. CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth about $133,000. Finally, SG Americas Securities LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 25.5% during the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after purchasing an additional 3,679 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.