ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 4.6% – What’s Next?

Posted by Linda Flegge on Mar 8th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price dropped 4.6% during trading on Wednesday . The stock traded as low as $32.25 and last traded at $32.24. Approximately 82,743,503 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 61,257,746 shares. The stock had previously closed at $33.81.

ProShares UltraPro Short QQQ Stock Down 2.0 %

The company’s fifty day simple moving average is $29.63 and its two-hundred day simple moving average is $33.78.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

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

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.