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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up prior to trading on Monday . The stock had previously closed at $27.93, but opened at $30.92. ProShares UltraPro Short QQQ shares last traded at $29.97, with a volume of 32,461,360 shares changing hands.

ProShares UltraPro Short QQQ Price Performance

The company’s 50-day simple moving average is $30.54 and its 200-day simple moving average is $36.73.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of hedge funds and other institutional investors have recently bought and sold shares of SQQQ. Creative Planning boosted its position in shares of ProShares UltraPro Short QQQ by 138.6% during the 2nd quarter. Creative Planning now owns 46,219 shares of the company’s stock valued at $383,000 after acquiring an additional 26,845 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter worth about $29,000. SG Americas Securities LLC increased its stake in shares of ProShares UltraPro Short QQQ by 25.5% during the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after buying an additional 3,679 shares during the period. Atomi Financial Group Inc. bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth $169,000. Finally, Embree Financial Group lifted its holdings in ProShares UltraPro Short QQQ by 50.7% in the third quarter. Embree Financial Group now owns 49,135 shares of the company’s stock worth $363,000 after buying an additional 16,528 shares during the period.

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.