ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 12-Month Low – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.26 and last traded at $23.34, with a volume of 122327067 shares traded. The stock had previously closed at $23.38.

ProShares UltraPro Short QQQ Price Performance

The firm has a 50-day moving average price of $34.98 and a 200-day moving average price of $32.24.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 8.27%.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several large investors have recently bought and sold shares of SQQQ. Parallel Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $27,000. Redwood Park Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 69.3% during the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company’s stock valued at $34,000 after purchasing an additional 363 shares during the period. PayPay Securities Corp grew its stake in shares of ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company’s stock valued at $60,000 after purchasing an additional 719 shares during the period. Game Plan Financial Advisors LLC grew its stake in shares of ProShares UltraPro Short QQQ by 16,818.2% during the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company’s stock valued at $71,000 after purchasing an additional 1,850 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at about $100,000.

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.