ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 4.5% – Should You Sell?

Posted by Chris Copeland on Dec 23rd, 2024

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price were down 4.5% during mid-day trading on Monday . The stock traded as low as $29.34 and last traded at $29.38. Approximately 18,736,444 shares traded hands during trading, a decline of 39% from the average daily volume of 30,856,594 shares. The stock had previously closed at $30.75.

ProShares UltraPro Short QQQ Price Performance

The business has a fifty day moving average price of $33.15 and a 200 day moving average price of $38.75.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a $0.7475 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the second quarter worth approximately $41,000. Jeppson Wealth Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the second quarter valued at approximately $88,000. TFB Advisors LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter worth about $131,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth $133,000.

About ProShares UltraPro Short QQQ

(Get Free Report)

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.