ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.24

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $8.24, but opened at $8.03. ProShares UltraPro Short QQQ shares last traded at $8.09, with a volume of 13,554,472 shares trading hands.

ProShares UltraPro Short QQQ Stock Performance

The business’s 50 day moving average price is $8.49 and its 200-day moving average price is $9.97.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were paid a $0.1605 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.99%. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC boosted its position in ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock valued at $28,000 after buying an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of 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 valued at $30,000 after acquiring an additional 1,287 shares in the last quarter. Game Plan Financial Advisors LLC grew its position 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 last quarter. International Assets Investment Management LLC acquired a new position in ProShares UltraPro Short QQQ in the 2nd quarter worth about $41,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in ProShares UltraPro Short QQQ by 438.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock valued at $85,000 after purchasing an additional 6,580 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.