ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 2.9% – Here’s Why

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) fell 2.9% during mid-day trading on Thursday . The company traded as low as $30.15 and last traded at $30.23. Approximately 13,944,584 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 31,115,725 shares. The stock had previously closed at $31.14.

ProShares UltraPro Short QQQ Trading Down 4.8 %

The company’s 50 day moving average price is $31.89 and its 200 day moving average price is $37.82.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. IMC Chicago LLC raised its position in ProShares UltraPro Short QQQ by 40.6% during the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock valued at $28,638,000 after acquiring an additional 1,119,452 shares in the last quarter. RBF Capital LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 230.7% in the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after purchasing an additional 1,166,014 shares during the period. Smithfield Trust Co increased its holdings in ProShares UltraPro Short QQQ by 138.8% in the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock valued at $5,645,000 after buying an additional 444,000 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth about $1,848,000. Finally, Barclays PLC boosted its stake in shares of ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock worth $1,503,000 after acquiring an additional 124,500 shares in the last quarter.

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.