ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $42.13

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $42.13, but opened at $44.16. ProShares UltraPro Short QQQ shares last traded at $44.47, with a volume of 21,708,332 shares changing hands.

ProShares UltraPro Short QQQ Stock Up 6.9 %

The stock has a 50 day moving average of $48.22 and a two-hundred day moving average of $48.46.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were paid a $0.151 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Thursday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new position in ProShares UltraPro Short QQQ in the 1st quarter worth approximately $307,000. Goldman Sachs Group Inc. bought a new position in ProShares UltraPro Short QQQ in the 1st quarter worth approximately $2,001,000. Bank of America Corp DE bought a new position in ProShares UltraPro Short QQQ in the 1st quarter worth approximately $1,566,000. Hollencrest Capital Management increased its position in ProShares UltraPro Short QQQ by 36.4% in the 2nd quarter. Hollencrest Capital Management now owns 41,596 shares of the company’s stock worth $2,448,000 after buying an additional 11,090 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $471,000.

ProShares UltraPro Short QQQ Company Profile

(Get Rating)

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.