ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 4.1%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) were up 4.1% during mid-day trading on Friday . The stock traded as high as $18.63 and last traded at $18.62. Approximately 47,618,757 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 127,254,234 shares. The stock had previously closed at $17.88.

ProShares UltraPro Short QQQ Price Performance

The company has a fifty day simple moving average of $18.45 and a 200-day simple moving average of $23.53.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Thursday, June 22nd were issued a $0.2662 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $1.06 annualized dividend and a dividend yield of 5.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SQQQ. Gables Capital Management Inc. purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $28,000. PayPay Securities Corp purchased a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $35,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $57,000. Lindbrook Capital LLC grew its position in ProShares UltraPro Short QQQ by 33.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,000 shares of the company’s stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $59,000.

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.