ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Down 6.9%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price fell 6.9% during trading on Thursday . The stock traded as low as $7.78 and last traded at $7.82. 37,542,848 shares were traded during trading, a decline of 74% from the average session volume of 144,476,438 shares. The stock had previously closed at $8.40.

ProShares UltraPro Short QQQ Stock Performance

The firm has a 50 day moving average of $8.72 and a 200 day moving average of $9.56.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were given a dividend of $0.1605 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend was Wednesday, June 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC increased its stake in ProShares UltraPro Short QQQ by 140.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,201 shares of the company’s stock valued at $30,000 after purchasing an additional 1,287 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in ProShares UltraPro Short QQQ by 318.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock worth $3,082,000 after buying an additional 174,314 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in ProShares UltraPro Short QQQ by 168.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 38,873 shares of the company’s stock worth $523,000 after acquiring an additional 24,412 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in ProShares UltraPro Short QQQ in the first quarter valued at approximately $241,000. Finally, Banque Cantonale Vaudoise increased its holdings in shares of ProShares UltraPro Short QQQ by 23.8% during the first quarter. Banque Cantonale Vaudoise now owns 284,344 shares of the company’s stock valued at $2,980,000 after acquiring an additional 54,632 shares in the last quarter.

ProShares UltraPro Short QQQ Company Profile

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.