ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 2.9% – Should You Sell?

Posted by Andrew Walz on Jan 2nd, 2025

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) dropped 2.9% on Thursday . The company traded as low as $30.15 and last traded at $30.23. Approximately 13,944,584 shares were traded during trading, a decline of 55% from the average daily volume of 31,115,725 shares. The stock had previously closed at $31.14.

ProShares UltraPro Short QQQ Stock Performance

The firm has a 50 day simple moving average of $32.10 and a 200-day simple moving average of $37.94.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8168 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares UltraPro Short QQQ in the second quarter worth $29,000. International Assets Investment Management LLC bought a new position in ProShares UltraPro Short QQQ during the second quarter worth about $41,000. Jeppson Wealth Management LLC bought a new position in ProShares UltraPro Short QQQ during the second quarter worth about $88,000. TFB Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter valued at about $131,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth about $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.