ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $8.46

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.46, but opened at $8.16. ProShares UltraPro Short QQQ shares last traded at $8.08, with a volume of 27,108,133 shares traded.

ProShares UltraPro Short QQQ Trading Up 10.8 %

The company’s fifty day simple moving average is $8.65 and its two-hundred day simple moving average is $10.49.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were paid a dividend of $0.1605 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.08%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC increased its position in ProShares UltraPro Short QQQ by 369.2% during the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after buying an additional 1,665 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in ProShares UltraPro Short QQQ by 140.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after purchasing an additional 1,287 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in ProShares UltraPro Short QQQ by 450.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock worth $32,000 after purchasing an additional 2,500 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in ProShares UltraPro Short QQQ by 438.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock valued at $85,000 after purchasing an additional 6,580 shares during the last quarter. Finally, Camarda Financial Advisors LLC purchased a new position in ProShares UltraPro Short QQQ in the 1st quarter valued at about $107,000.

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.