ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Hits New 12-Month Low – Here’s What Happened

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.23 and last traded at $27.61, with a volume of 46238959 shares. The stock had previously closed at $28.70.

ProShares UltraPro Short QQQ Stock Down 3.8 %

The stock has a 50 day moving average price of $30.79 and a 200 day moving average price of $36.85.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. RBF Capital LLC grew its holdings in ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after acquiring an additional 1,166,014 shares during the last quarter. IMC Chicago LLC raised its position in ProShares UltraPro Short QQQ by 40.6% during the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after purchasing an additional 1,119,452 shares during the last quarter. Smithfield Trust Co raised its position in ProShares UltraPro Short QQQ by 138.8% during the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after purchasing an additional 444,000 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth about $1,848,000. Finally, Barclays PLC grew its position in shares of ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after buying an additional 124,500 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.