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

Posted by Stacy Sanders on Jan 17th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $32.26, but opened at $30.76. ProShares UltraPro Short QQQ shares last traded at $30.22, with a volume of 19,992,925 shares.

ProShares UltraPro Short QQQ Stock Up 2.0 %

The company has a fifty day simple moving average of $31.04 and a 200 day simple moving average of $37.15.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8168 dividend. This is an increase 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

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraPro Short QQQ in the second quarter worth $29,000. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth $62,000. TFB Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth $131,000. CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth $133,000. Finally, SG Americas Securities LLC raised its stake in shares of ProShares UltraPro Short QQQ by 25.5% in the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after purchasing an additional 3,679 shares during 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.