ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Here’s Why

Posted by Brenda Bartman on Jan 24th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $28.70, but opened at $27.95. ProShares UltraPro Short QQQ shares last traded at $27.47, with a volume of 8,947,699 shares changing hands.

ProShares UltraPro Short QQQ Trading Down 0.6 %

The stock has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $36.79.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several hedge funds have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $29,000. Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at about $62,000. TFB Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth about $131,000. CWA Asset Management Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth about $133,000. Finally, SG Americas Securities LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after purchasing an additional 3,679 shares in the last quarter.

ProShares UltraPro Short QQQ Company Profile

(Get Free Report)

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.