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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up before the market opened 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 changing hands.

ProShares UltraPro Short QQQ Trading Up 1.6 %

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

ProShares UltraPro Short QQQ Announces Dividend

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

Institutional Trading of ProShares UltraPro Short QQQ

Hedge funds have recently added to or reduced their stakes in the business. Elevatus Welath Management bought a new stake in ProShares UltraPro Short QQQ in the third quarter worth $10,428,000. Sowell Financial Services LLC bought a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $401,000. Lane Generational LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter worth $5,549,000. HighTower Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 166.4% in the third quarter. HighTower Advisors LLC now owns 117,375 shares of the company’s stock worth $2,394,000 after purchasing an additional 73,315 shares during the last quarter. Finally, Pathstone Family Office LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter worth $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.