ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – What’s Next?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up before the market opened on Friday . The stock had previously closed at $32.68, but opened at $33.82. ProShares UltraPro Short QQQ shares last traded at $34.16, with a volume of 10,148,556 shares trading hands.

ProShares UltraPro Short QQQ Price Performance

The company’s 50 day moving average is $37.09 and its two-hundred day moving average is $42.29.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a $0.7475 dividend. The ex-dividend date was Wednesday, September 25th. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.16.

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors have recently modified their holdings of the company. IMC Chicago LLC lifted its position in ProShares UltraPro Short QQQ by 40.6% in the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock worth $28,638,000 after purchasing an additional 1,119,452 shares during the period. Jane Street Group LLC raised its stake in shares of ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock valued at $20,405,000 after buying an additional 1,540,169 shares in the last quarter. RBF Capital LLC increased its stake in ProShares UltraPro Short QQQ by 230.7% in the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after acquiring an additional 1,166,014 shares during the period. Smithfield Trust Co raised its position in ProShares UltraPro Short QQQ by 138.8% in the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after purchasing an additional 444,000 shares in the last quarter. Finally, Lane Generational LLC raised its position in ProShares UltraPro Short QQQ by 18.7% in the first quarter. Lane Generational LLC now owns 320,799 shares of the company’s stock worth $3,362,000 after purchasing an additional 50,645 shares in 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.