ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 52-Week Low at $7.60

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.60 and last traded at $7.66, with a volume of 15291605 shares trading hands. The stock had previously closed at $7.69.

ProShares UltraPro Short QQQ Trading Down 1.6 %

The business’s 50-day moving average is $9.54 and its two-hundred day moving average is $11.09.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were given a dividend of $0.1605 per share. The ex-dividend date was Wednesday, June 26th. This represents a $0.64 dividend on an annualized basis and a yield of 8.48%.

Institutional Trading of ProShares UltraPro Short QQQ

A number of institutional investors have recently added to or reduced their stakes in SQQQ. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after buying an additional 1,287 shares in the last quarter. Larson Financial Group LLC lifted its holdings in ProShares UltraPro Short QQQ by 369.2% in the 4th quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after buying an additional 1,665 shares in the last quarter. VitalStone Financial LLC lifted its holdings in ProShares UltraPro Short QQQ by 64.6% in the 3rd quarter. VitalStone Financial LLC now owns 5,225 shares of the company’s stock worth $107,000 after buying an additional 2,050 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in ProShares UltraPro Short QQQ by 450.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after buying an additional 2,500 shares in the last quarter. Finally, Peoples Bank KS acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter worth $54,000.

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.