ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Hits New 1-Year Low at $7.86

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price hit a new 52-week low on Friday . The company traded as low as $7.86 and last traded at $7.94, with a volume of 52786152 shares changing hands. The stock had previously closed at $8.13.

ProShares UltraPro Short QQQ Stock Up 1.8 %

The business’s fifty day moving average is $9.97 and its two-hundred day moving average is $11.33.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a $0.1605 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Wednesday, June 26th.

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its holdings in ProShares UltraPro Short QQQ by 369.2% during the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after acquiring an additional 1,665 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 140.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after acquiring an additional 1,287 shares during the period. Game Plan Financial Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 450.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after acquiring an additional 2,500 shares during the period. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth $54,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in ProShares UltraPro Short QQQ by 438.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock worth $85,000 after acquiring an additional 6,580 shares during the period.

About ProShares UltraPro Short QQQ

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.