ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.46

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.46, but opened at $8.16. ProShares UltraPro Short QQQ shares last traded at $8.08, with a volume of 27,108,133 shares trading hands.

ProShares UltraPro Short QQQ Stock Up 10.8 %

The company has a fifty day simple moving average of $8.65 and a 200-day simple moving average of $10.49.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a $0.1605 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Wednesday, June 26th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently bought and sold shares of the company. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 113.4% during the 2nd quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock worth $22,818,000 after buying an additional 1,464,325 shares during the last quarter. Jane Street Group LLC increased its stake in ProShares UltraPro Short QQQ by 378.6% during the first quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after acquiring an additional 1,540,169 shares during the last quarter. Jump Financial LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at $21,670,000. Simplex Trading LLC raised its position in ProShares UltraPro Short QQQ by 132.0% in the first quarter. Simplex Trading LLC now owns 833,229 shares of the company’s stock valued at $8,732,000 after purchasing an additional 474,067 shares during the period. Finally, Lane Generational LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 18.7% in the 1st quarter. Lane Generational LLC now owns 320,799 shares of the company’s stock valued at $3,362,000 after purchasing an additional 50,645 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.