ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $11.81

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) gapped up prior to trading on Thursday . The stock had previously closed at $11.81, but opened at $12.43. ProShares UltraPro Short QQQ shares last traded at $12.26, with a volume of 51,945,001 shares trading hands.

ProShares UltraPro Short QQQ Price Performance

The firm’s 50 day moving average price is $11.06 and its 200-day moving average price is $13.97.

ProShares UltraPro Short QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a $0.164 dividend. The ex-dividend date was Wednesday, March 20th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Elevatus Welath Management acquired a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at approximately $10,428,000. Sowell Financial Services LLC acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $401,000. Lane Generational LLC acquired a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $5,549,000. HighTower Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 166.4% in the third quarter. HighTower Advisors LLC now owns 117,375 shares of the company’s stock valued at $2,394,000 after purchasing an additional 73,315 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new position in ProShares UltraPro Short QQQ in the third quarter valued at $1,312,000.

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.