ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading 12.5% Higher – Time to Buy?

Posted by Linda Flegge on Apr 3rd, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares shot up 12.5% during trading on Thursday . The company traded as high as $41.26 and last traded at $41.19. 27,242,244 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 41,856,381 shares. The stock had previously closed at $36.60.

ProShares UltraPro Short QQQ Trading Up 12.7 %

The company has a fifty day moving average of $32.09 and a two-hundred day moving average of $32.96.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. This represents a $1.93 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $62,000. Centerpoint Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 1,000 shares during the last quarter. Foundations Investment Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at $360,000. SBI Securities Co. Ltd. bought a new position in ProShares UltraPro Short QQQ during the 4th quarter worth $423,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth about $439,000.

About ProShares UltraPro Short QQQ

(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.