ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Up 3.5% – Time to Buy?

Posted by Lars Charter on Oct 23rd, 2024

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price rose 3.5% on Wednesday . The company traded as high as $7.32 and last traded at $7.32. Approximately 66,348,977 shares changed hands during trading, a decline of 54% from the average daily volume of 144,393,688 shares. The stock had previously closed at $7.07.

ProShares UltraPro Short QQQ Stock Up 4.7 %

The firm’s 50 day moving average is $7.96 and its 200-day moving average is $9.02.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a $0.1495 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth about $29,000. International Assets Investment Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 438.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock worth $85,000 after acquiring an additional 6,580 shares during the last quarter. Camarda Financial Advisors LLC bought a new position in ProShares UltraPro Short QQQ during the first quarter worth $107,000. Finally, Jeppson Wealth Management LLC acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter valued at $88,000.

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.