ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 4.6% – Here’s Why

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price fell 4.6% during mid-day trading on Wednesday . The company traded as low as $32.25 and last traded at $32.24. 82,743,503 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 61,257,746 shares. The stock had previously closed at $33.81.

ProShares UltraPro Short QQQ Stock Down 2.0 %

The business has a 50-day moving average of $29.63 and a 200-day moving average of $33.78.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several large investors have recently made changes to their positions in SQQQ. Peoples Bank KS bought a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $62,000. TFB Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $131,000. CWA Asset Management Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth about $133,000. Centerpoint Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares during the period. Finally, World Investment Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 51.0% in the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after purchasing an additional 9,463 shares during the last quarter.

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.