Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) dropped 5.6% during trading on Tuesday . The stock traded as low as $10.14 and last traded at $10.19. Approximately 129,151,267 shares were traded during trading, a decline of 7% from the average daily volume of 139,378,703 shares. The stock had previously closed at $10.79.
ProShares UltraPro Short QQQ Price Performance
The business’s fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $10.23.
ProShares UltraPro Short QQQ Cuts Dividend
The firm 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. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.64 annualized dividend and a dividend yield of 6.12%.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
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.
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