ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Here’s What Happened

Posted by MarketBeat News on Dec 29th, 2024

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $28.01, but opened at $28.61. ProShares UltraPro Short QQQ shares last traded at $29.14, with a volume of 10,790,911 shares trading hands.

ProShares UltraPro Short QQQ Stock Performance

The business has a 50 day moving average of $32.40 and a 200-day moving average of $38.24.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

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Institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $29,000. International Assets Investment Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at $41,000. Jeppson Wealth Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $88,000. TFB Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter worth about $131,000. Finally, CWA Asset Management Group LLC purchased a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $133,000.

About ProShares UltraPro Short QQQ

(Get Free Report)

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.