ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 12-Month Low – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price reached a new 52-week low on Thursday . The company traded as low as $27.23 and last traded at $27.61, with a volume of 46238959 shares. The stock had previously closed at $28.70.

ProShares UltraPro Short QQQ Stock Performance

The stock’s fifty day moving average is $30.54 and its two-hundred day moving average is $36.73.

ProShares UltraPro Short QQQ Increases Dividend

The company 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 was Monday, December 23rd. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Institutional Trading of ProShares UltraPro Short QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IMC Chicago LLC increased its holdings in ProShares UltraPro Short QQQ by 40.6% during the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after acquiring an additional 1,119,452 shares during the period. RBF Capital LLC increased its holdings 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 period. Smithfield Trust Co grew its stake in ProShares UltraPro Short QQQ by 138.8% in the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after buying an additional 444,000 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $1,848,000. Finally, Barclays PLC grew its stake in ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock worth $1,503,000 after buying an additional 124,500 shares in 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.