ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Up 7.2% – What’s Next?

Posted by Emily Schoerning on Feb 28th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price traded up 7.2% on Thursday . The stock traded as high as $32.54 and last traded at $32.58. 87,081,248 shares changed hands during trading, an increase of 55% from the average session volume of 56,236,117 shares. The stock had previously closed at $30.39.

ProShares UltraPro Short QQQ Stock Up 8.3 %

The business has a fifty day moving average price of $29.15 and a two-hundred day moving average price of $34.17.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several hedge funds have recently added to or reduced their stakes in SQQQ. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at about $62,000. TFB Advisors LLC purchased a new position in ProShares UltraPro Short QQQ during the third quarter valued at approximately $131,000. CWA Asset Management Group LLC purchased a new position in ProShares UltraPro Short QQQ during the third quarter valued at approximately $133,000. Centerpoint Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after acquiring an additional 1,000 shares during the period. Finally, World Investment Advisors LLC boosted its position in ProShares UltraPro Short QQQ by 51.0% in the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after purchasing an additional 9,463 shares in the last quarter.

ProShares UltraPro Short QQQ Company Profile

(Get Free Report)

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.