ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 5.8% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) were up 5.8% during trading on Friday . The stock traded as high as $15.58 and last traded at $15.34. Approximately 151,934,688 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 95,169,172 shares. The stock had previously closed at $14.50.

ProShares UltraPro Short QQQ Price Performance

The company’s fifty day moving average price is $16.74 and its 200 day moving average price is $23.30.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were given a $0.2427 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.97 annualized dividend and a yield of 6.1%.

Institutional Trading of ProShares UltraPro Short QQQ

Several hedge funds have recently bought and sold shares of the company. Redwood Park Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 69.3% in the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company’s stock valued at $34,000 after purchasing an additional 363 shares during the last quarter. Osaic Holdings Inc. lifted its position in ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares during the last quarter. PayPay Securities Corp lifted its position in ProShares UltraPro Short QQQ by 85.9% in the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company’s stock valued at $60,000 after purchasing an additional 719 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in ProShares UltraPro Short QQQ by 16,818.2% in the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company’s stock valued at $71,000 after purchasing an additional 1,850 shares during the last quarter. Finally, MAI Capital Management bought a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at about $38,000.

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.