ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 1-Year Low – What’s Next?

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 $27.09 and last traded at $27.27, with a volume of 29101372 shares trading hands. The stock had previously closed at $28.06.

ProShares UltraPro Short QQQ Stock Down 3.7 %

The business has a 50 day simple moving average of $29.49 and a 200-day simple moving average of $35.64.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced 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. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently bought and sold shares of the company. Centerpoint Advisors LLC raised its stake in ProShares UltraPro Short QQQ by 20.0% during the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 1,000 shares during the period. Peoples Bank KS purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $62,000. SG Americas Securities LLC raised its stake 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 purchasing an additional 3,679 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in ProShares UltraPro Short QQQ by 6.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 65,719 shares of the company’s stock worth $486,000 after purchasing an additional 3,822 shares during the period. Finally, World Investment Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after acquiring an additional 9,463 shares during the last quarter.

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.