ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $11.78

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped down before the market opened on Friday . The stock had previously closed at $11.78, but opened at $11.16. ProShares UltraPro Short QQQ shares last traded at $11.21, with a volume of 62,625,663 shares.

ProShares UltraPro Short QQQ Price Performance

The firm’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $13.71.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were given a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its position in ProShares UltraPro Short QQQ by 369.2% during the fourth quarter. Larson Financial Group LLC now owns 2,116 shares of the company’s stock worth $28,000 after acquiring an additional 1,665 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 140.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock worth $30,000 after purchasing an additional 1,287 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in shares of ProShares UltraPro Short QQQ by 450.5% in the first quarter. Game Plan Financial Advisors LLC now owns 3,055 shares of the company’s stock valued at $32,000 after purchasing an additional 2,500 shares during the period. Spire Wealth Management increased its stake in ProShares UltraPro Short QQQ by 86.7% in the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock valued at $38,000 after purchasing an additional 867 shares during the last quarter. Finally, Peoples Bank KS purchased a new position in ProShares UltraPro Short QQQ during the fourth quarter worth about $54,000.

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.