ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 3.1% – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price fell 3.1% during mid-day trading on Tuesday . The company traded as low as $29.06 and last traded at $28.81. 8,774,012 shares changed hands during trading, a decline of 84% from the average session volume of 54,198,176 shares. The stock had previously closed at $29.72.

ProShares UltraPro Short QQQ Stock Down 1.6 %

The business’s 50 day moving average price is $29.85 and its 200-day moving average price is $36.19.

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 $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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SQQQ. SBI Securities Co. Ltd. bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $423,000. Centerpoint Advisors LLC increased its stake in 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 purchasing an additional 1,000 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in ProShares UltraPro Short QQQ by 3,357.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 16,596 shares of the company’s stock worth $517,000 after purchasing an additional 16,116 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth $439,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $623,000.

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.