ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Time to Sell?

Posted by Cheyenne Larson 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 traded.

ProShares UltraPro Short QQQ Price Performance

The company’s 50 day moving average is $33.44 and its 200-day moving average is $39.12.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.7475 per share. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.16. The ex-dividend date was Wednesday, September 25th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

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