ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $28.01, but opened at $28.61. ProShares UltraPro Short QQQ shares last traded at $29.14, with a volume of 10,790,911 shares.

ProShares UltraPro Short QQQ Stock Performance

The business’s fifty day moving average price is $32.53 and its 200 day moving average price is $38.35.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.8168 per share. The ex-dividend date is Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $41,000. Jeppson Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $88,000. TFB Advisors LLC bought a new position in ProShares UltraPro Short QQQ during the third quarter worth $131,000. Finally, CWA Asset Management Group LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter valued at $133,000.

About ProShares UltraPro Short QQQ

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.