ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock 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.

ProShares UltraPro Short QQQ Stock Performance

The business has a 50 day moving average price of $29.95 and a 200-day moving average price of $36.24.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8168 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several institutional investors and hedge funds have recently made changes to their positions in the company. RBF Capital LLC grew its stake in shares of ProShares UltraPro Short QQQ by 230.7% in the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after acquiring an additional 1,166,014 shares in the last quarter. IMC Chicago LLC grew its position in shares of ProShares UltraPro Short QQQ by 40.6% during the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after purchasing an additional 1,119,452 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of ProShares UltraPro Short QQQ by 138.8% during the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after purchasing an additional 444,000 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $1,848,000. Finally, Barclays PLC boosted its stake in shares of ProShares UltraPro Short QQQ by 157.8% in the third quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after buying an additional 124,500 shares during the period.

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.