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

Posted by Denise Davis on Jan 8th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $29.84, but opened at $28.90. ProShares UltraPro Short QQQ shares last traded at $28.58, with a volume of 9,165,861 shares changing hands.

ProShares UltraPro Short QQQ Stock Performance

The business has a 50 day moving average of $31.67 and a 200 day moving average of $37.61.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Institutional investors have recently modified their holdings of the company. Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $62,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $29,000. TFB Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at $131,000. CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter valued at $133,000. Finally, SG Americas Securities LLC lifted its position in ProShares UltraPro Short QQQ by 25.5% during the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after buying an additional 3,679 shares during the period.

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.