ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading 3.4% Higher

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price traded up 3.4% during trading on Tuesday . The stock traded as high as $7.66 and last traded at $7.64. 12,385,739 shares were traded during trading, a decline of 91% from the average session volume of 144,502,938 shares. The stock had previously closed at $7.39.

ProShares UltraPro Short QQQ Stock Performance

The firm has a 50 day moving average price of $8.66 and a 200 day moving average price of $9.39.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th will be given a dividend of $0.1495 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several institutional investors have recently added to or reduced their stakes in SQQQ. Raffles Associates LP raised its position in shares of ProShares UltraPro Short QQQ by 250.0% in the 2nd quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock valued at $1,449,000 after purchasing an additional 125,000 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of ProShares UltraPro Short QQQ by 318.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock valued at $3,082,000 after purchasing an additional 174,314 shares during the period. SG Americas Securities LLC boosted its position in ProShares UltraPro Short QQQ by 299.1% in the first quarter. SG Americas Securities LLC now owns 85,373 shares of the company’s stock valued at $895,000 after buying an additional 63,983 shares during the last quarter. IMC Chicago LLC increased its holdings in ProShares UltraPro Short QQQ by 43.4% in the 1st quarter. IMC Chicago LLC now owns 1,291,481 shares of the company’s stock worth $13,535,000 after buying an additional 390,730 shares during the period. Finally, Jane Street Group LLC increased its holdings in ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after buying an additional 1,540,169 shares during the period.

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.