ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Up 5.6% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price shot up 5.6% during trading on Monday . The stock traded as high as $30.97 and last traded at $30.78. 17,969,727 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 30,891,275 shares. The stock had previously closed at $29.15.

ProShares UltraPro Short QQQ Stock Up 2.6 %

The company’s fifty day moving average price is $32.22 and its two-hundred day moving average price is $37.99.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SQQQ. RBF Capital LLC grew its position in ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after acquiring an additional 1,166,014 shares during the last quarter. IMC Chicago LLC boosted its stake in ProShares UltraPro Short QQQ by 40.6% in the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after purchasing an additional 1,119,452 shares in the last quarter. Smithfield Trust Co grew its holdings in shares of ProShares UltraPro Short QQQ by 138.8% during the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after purchasing an additional 444,000 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at $1,848,000. Finally, DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at $1,481,000.

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.