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

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.31 and last traded at $26.41, with a volume of 34018984 shares trading hands. The stock had previously closed at $26.59.

ProShares UltraPro Short QQQ Stock Up 1.4 %

The firm has a fifty day moving average price of $29.09 and a two-hundred day moving average price of $34.90.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors have recently made changes to their positions in the business. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth about $62,000. TFB Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $131,000. CWA Asset Management Group LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $133,000. SG Americas Securities LLC increased its stake in shares of ProShares UltraPro Short QQQ by 25.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after purchasing an additional 3,679 shares in the last quarter. Finally, Venture Visionary Partners LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $144,000.

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.