ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Should You Buy?

Posted by Jeff Wilder on Feb 3rd, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $29.03, but opened at $30.50. ProShares UltraPro Short QQQ shares last traded at $30.06, with a volume of 22,815,386 shares changing hands.

ProShares UltraPro Short QQQ Trading Up 1.6 %

The stock’s 50-day moving average is $30.10 and its two-hundred day moving average is $36.42.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed 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 an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Peoples Bank KS purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter worth $62,000. TFB Advisors LLC purchased a new position in ProShares UltraPro Short QQQ during the third quarter valued at $131,000. CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter worth $133,000. SG Americas Securities LLC grew its position in 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 acquiring an additional 3,679 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in ProShares UltraPro Short QQQ during the third quarter worth approximately $144,000.

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.