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

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQGet 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

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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.

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