ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $9.72

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.72, but opened at $9.45. ProShares UltraPro Short QQQ shares last traded at $9.40, with a volume of 18,147,654 shares trading hands.

ProShares UltraPro Short QQQ Trading Down 2.6 %

The company’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $9.69.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a $0.1605 dividend. This represents a $0.64 annualized dividend and a yield of 7.04%. The ex-dividend date was Wednesday, June 26th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of ProShares UltraPro Short QQQ by 318.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock worth $3,082,000 after purchasing an additional 174,314 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ProShares UltraPro Short QQQ by 299.1% in the first quarter. SG Americas Securities LLC now owns 85,373 shares of the company’s stock valued at $895,000 after buying an additional 63,983 shares during the last quarter. IMC Chicago LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 43.4% in the first quarter. IMC Chicago LLC now owns 1,291,481 shares of the company’s stock worth $13,535,000 after buying an additional 390,730 shares in the last quarter. Jane Street Group LLC grew its stake in ProShares UltraPro Short QQQ by 378.6% during the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock valued at $20,405,000 after acquiring an additional 1,540,169 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in ProShares UltraPro Short QQQ by 23.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 284,344 shares of the company’s stock valued at $2,980,000 after acquiring an additional 54,632 shares during the last quarter.

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.