ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sets New 52-Week Low at $9.70

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) reached a new 52-week low on Tuesday . The stock traded as low as $9.70 and last traded at $9.71, with a volume of 58623115 shares trading hands. The stock had previously closed at $9.76.

ProShares UltraPro Short QQQ Trading Up 1.5 %

The business has a 50-day moving average price of $10.89 and a 200 day moving average price of $12.63.

ProShares UltraPro Short QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.164 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in ProShares UltraPro Short QQQ by 369.2% in the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after acquiring an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 140.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after acquiring an additional 1,287 shares during the period. Game Plan Financial Advisors LLC raised its stake in ProShares UltraPro Short QQQ by 450.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after acquiring an additional 2,500 shares during the last quarter. Spire Wealth Management lifted its position in ProShares UltraPro Short QQQ by 86.7% during the 3rd quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock worth $38,000 after acquiring an additional 867 shares during the period. Finally, Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at about $54,000.

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.