ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Up 4.3%

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) rose 4.3% during mid-day trading on Wednesday . The stock traded as high as $9.54 and last traded at $9.51. Approximately 90,005,813 shares were traded during trading, a decline of 37% from the average daily volume of 143,841,938 shares. The stock had previously closed at $9.12.

ProShares UltraPro Short QQQ Trading Down 5.6 %

The stock has a 50-day moving average price of $8.60 and a 200 day moving average price of $9.69.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.1605 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend was Wednesday, June 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC increased its position in ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after acquiring an additional 1,287 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 450.5% in the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock valued at $32,000 after purchasing an additional 2,500 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth approximately $29,000. Cedar Wealth Management LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 17.1% during the first quarter. Cedar Wealth Management LLC now owns 28,374 shares of the company’s stock worth $297,000 after purchasing an additional 4,142 shares during the period. Finally, PCG Wealth Advisors LLC grew its position in ProShares UltraPro Short QQQ by 34.6% in the 2nd quarter. PCG Wealth Advisors LLC now owns 17,500 shares of the company’s stock valued at $145,000 after buying an additional 4,500 shares during the last quarter.

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.