ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price gapped up prior to trading on Friday . The stock had previously closed at $31.55, but opened at $32.29. ProShares UltraPro Short QQQ shares last traded at $32.29, with a volume of 11,385,114 shares changing hands.

ProShares UltraPro Short QQQ Stock Down 2.5 %

The business has a fifty day moving average of $33.15 and a two-hundred day moving average of $38.88.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were issued a $0.7475 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, September 25th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $41,000. Jeppson Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth about $88,000. TFB Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $131,000. Finally, CWA Asset Management Group LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $133,000.

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.