ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Here’s What Happened

Posted by Brian Wu on Dec 19th, 2024

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $31.10, but opened at $30.28. ProShares UltraPro Short QQQ shares last traded at $30.63, with a volume of 10,105,788 shares.

ProShares UltraPro Short QQQ Stock Up 0.2 %

The firm has a 50 day moving average of $33.44 and a 200 day moving average of $39.12.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a dividend of $0.7475 per share. The ex-dividend date was Wednesday, September 25th. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.16.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of large investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraPro Short QQQ in the second quarter worth $29,000. International Assets Investment Management LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter valued at $41,000. Jeppson Wealth Management LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the second quarter valued at about $88,000. TFB Advisors LLC bought a new position in ProShares UltraPro Short QQQ during the 3rd quarter valued at approximately $131,000. Finally, CWA Asset Management Group LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter valued at $133,000.

About ProShares UltraPro Short QQQ

(Get Free Report)

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.