ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Down 5.1% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price fell 5.1% on Tuesday . The company traded as low as $29.02 and last traded at $28.85. 42,141,544 shares were traded during trading, a decline of 21% from the average session volume of 53,335,797 shares. The stock had previously closed at $30.40.

ProShares UltraPro Short QQQ Trading Down 4.5 %

The business’s 50-day simple moving average is $30.46 and its two-hundred day simple moving average is $36.68.

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 $0.8168 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Trading of ProShares UltraPro Short QQQ

A number of large investors have recently bought and sold shares of SQQQ. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraPro Short QQQ in the second quarter worth approximately $29,000. Peoples Bank KS acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000. TFB Advisors LLC bought a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at about $131,000. CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $133,000. Finally, SG Americas Securities LLC boosted its holdings in ProShares UltraPro Short QQQ by 25.5% in the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after acquiring an additional 3,679 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.