ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $10.41

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.41, but opened at $10.77. ProShares UltraPro Short QQQ shares last traded at $10.82, with a volume of 22,352,644 shares traded.

ProShares UltraPro Short QQQ Stock Down 0.6 %

The firm’s fifty day moving average is $11.18 and its 200 day moving average is $14.89.

ProShares UltraPro Short QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC increased its stake in ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after acquiring an additional 1,665 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in ProShares UltraPro Short QQQ by 140.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after acquiring an additional 1,287 shares during the period. Spire Wealth Management increased its stake in ProShares UltraPro Short QQQ by 86.7% in the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock valued at $38,000 after acquiring an additional 867 shares during the period. Hoey Investments Inc. increased its stake in ProShares UltraPro Short QQQ by 100.0% in the third quarter. Hoey Investments Inc. now owns 2,000 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Finally, Peoples Bank KS bought a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at about $54,000.

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.