ProShares UltraPro Short QQQ to Issue Quarterly Dividend of $0.64 (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) announced a quarterly dividend on Tuesday, June 23rd. Investors of record on Wednesday, June 24th will be paid a dividend of 0.6376 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, June 24th.

ProShares UltraPro Short QQQ Stock Performance

NASDAQ:SQQQ traded down $0.11 during mid-day trading on Wednesday, hitting $40.45. 69,789,323 shares of the company’s stock traded hands, compared to its average volume of 59,867,121. The firm’s 50 day simple moving average is $45.25 and its 200 day simple moving average is $61.63. ProShares UltraPro Short QQQ has a 1 year low of $35.80 and a 1 year high of $104.60.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at $29,000. Parallel Advisors LLC raised its stake in shares of ProShares UltraPro Short QQQ by 104.0% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the company’s stock valued at $66,000 after acquiring an additional 415 shares during the period. Sunbelt Securities Inc. purchased a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $137,000. Osaic Holdings Inc. lifted its position in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of ProShares UltraPro Short QQQ during the first quarter worth $201,000.

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.