ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 12-Month Low – Here’s Why

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.09 and last traded at $27.27, with a volume of 29101372 shares. The stock had previously closed at $28.06.

ProShares UltraPro Short QQQ Price Performance

The business has a fifty day moving average price of $29.49 and a 200 day moving average price of $35.64.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $62,000. Centerpoint Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after buying an additional 1,000 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $360,000. SBI Securities Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $423,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $439,000.

ProShares UltraPro Short QQQ Company Profile

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.