ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading 3.4% Higher

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares traded up 3.4% on Tuesday . The stock traded as high as $7.66 and last traded at $7.64. 12,385,739 shares were traded during trading, a decline of 91% from the average session volume of 144,502,938 shares. The stock had previously closed at $7.39.

ProShares UltraPro Short QQQ Trading Up 5.7 %

The company’s 50-day simple moving average is $8.66 and its two-hundred day simple moving average is $9.39.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.1495 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Raffles Associates LP raised its holdings in ProShares UltraPro Short QQQ by 250.0% in the 2nd quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock worth $1,449,000 after purchasing an additional 125,000 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraPro Short QQQ by 318.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock worth $3,082,000 after acquiring an additional 174,314 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of ProShares UltraPro Short QQQ by 299.1% in the 1st quarter. SG Americas Securities LLC now owns 85,373 shares of the company’s stock worth $895,000 after acquiring an additional 63,983 shares in the last quarter. IMC Chicago LLC increased its stake in shares of ProShares UltraPro Short QQQ by 43.4% in the 1st quarter. IMC Chicago LLC now owns 1,291,481 shares of the company’s stock worth $13,535,000 after acquiring an additional 390,730 shares in the last quarter. Finally, Jane Street Group LLC increased 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 worth $20,405,000 after acquiring an additional 1,540,169 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.