ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 12-Month Low – Should You Sell?

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.31 and last traded at $26.41, with a volume of 34018984 shares. The stock had previously closed at $26.59.

ProShares UltraPro Short QQQ Stock Up 1.4 %

The company has a fifty day moving average of $29.09 and a 200-day moving average of $34.90.

ProShares UltraPro Short QQQ Increases Dividend

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

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $7,334,000. Raffles Associates LP acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $623,000. Tower Research Capital LLC TRC raised its position in ProShares UltraPro Short QQQ by 6,510.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company’s stock valued at $1,029,000 after purchasing an additional 32,554 shares during the period. DRW Securities LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $3,155,000. Finally, Headlands Technologies LLC purchased a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $2,922,000.

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.