ProShares UltraShort Top QQQ Announces Quarterly Dividend of $0.16 (NASDAQ:QQDN)

ProShares UltraShort Top QQQ (NASDAQ:QQDN) declared a quarterly dividend on Tuesday, March 24th. Shareholders of record on Wednesday, March 25th will be given a dividend of 0.1593 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, March 25th.

ProShares UltraShort Top QQQ Price Performance

Shares of NASDAQ:QQDN traded down $0.57 on Wednesday, reaching $31.44. 21,259 shares of the company traded hands, compared to its average volume of 3,569. The company’s 50 day moving average is $28.43 and its 200-day moving average is $27.06. ProShares UltraShort Top QQQ has a fifty-two week low of $23.60 and a fifty-two week high of $41.14.

ProShares UltraShort Top QQQ Company Profile

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.