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

Posted by Sam Norman on Jan 23rd, 2025

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

ProShares UltraPro Short QQQ Price Performance

The stock’s 50 day moving average price is $30.79 and its 200 day moving average price is $36.85.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter worth approximately $548,000. Venture Visionary Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $144,000. Creative Planning increased its stake in shares of ProShares UltraPro Short QQQ by 138.6% in the 2nd quarter. Creative Planning now owns 46,219 shares of the company’s stock valued at $383,000 after acquiring an additional 26,845 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $29,000. Finally, SG Americas Securities LLC lifted its position in shares of ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after acquiring 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.