ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down – Here’s Why

Posted by Rob Hiaasen on Jan 17th, 2025

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $32.26, but opened at $30.76. ProShares UltraPro Short QQQ shares last traded at $30.22, with a volume of 19,992,925 shares traded.

ProShares UltraPro Short QQQ Price Performance

The stock has a 50-day moving average price of $31.04 and a two-hundred day moving average price of $37.15.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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 positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds have recently made changes to their positions in the company. Raffles Associates LP boosted its position in shares of ProShares UltraPro Short QQQ by 250.0% during the second quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock valued at $1,449,000 after purchasing an additional 125,000 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $548,000. DRW Securities LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the second quarter valued at approximately $1,481,000. Creative Planning boosted its position in shares of ProShares UltraPro Short QQQ by 138.6% during the second quarter. Creative Planning now owns 46,219 shares of the company’s stock valued at $383,000 after purchasing an additional 26,845 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $144,000.

ProShares UltraPro Short QQQ Company Profile

(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.