ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Down 5.6%

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) 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

Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of ProShares UltraPro Short QQQ by 369.2% during the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after purchasing an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 140.8% during the fourth 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 during the last quarter. Game Plan Financial Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 450.5% during the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock valued at $32,000 after acquiring an additional 2,500 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $41,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 worth $85,000 after acquiring 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.