ProShares UltraShort Top QQQ (NASDAQ:QQDN) Shares Down 1.3% – Here’s What Happened

ProShares UltraShort Top QQQ (NASDAQ:QQDN)’s share price traded down 1.3% on Friday . The company traded as low as $26.38 and last traded at $26.7460. 5,045 shares changed hands during trading, an increase of 102% from the average session volume of 2,502 shares. The stock had previously closed at $27.09.

ProShares UltraShort Top QQQ Stock Down 1.3%

The firm’s fifty day moving average is $25.87.

ProShares UltraShort Top QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were paid a $0.2482 dividend. This represents a $0.99 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 24th.

Institutional Trading of ProShares UltraShort Top QQQ

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets bought a new stake in ProShares UltraShort Top QQQ (NASDAQ:QQDN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned approximately 90.91% of ProShares UltraShort Top QQQ as of its most recent SEC filing.

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.