ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Reaches New 1-Year Low – Here’s Why
by Sarita Garza · The Markets DailyShares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.90 and last traded at $6.92, with a volume of 47568295 shares. The stock had previously closed at $7.24.
ProShares UltraPro Short QQQ Price Performance
The stock has a 50-day moving average price of $7.91 and a 200 day moving average price of $9.00.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a $0.1495 dividend. The ex-dividend date was Wednesday, September 25th.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in ProShares UltraPro Short QQQ in the second quarter valued at approximately $29,000. International Assets Investment Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at $41,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ProShares UltraPro Short QQQ by 438.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,080 shares of the company’s stock valued at $85,000 after buying an additional 6,580 shares during the period. Jeppson Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $88,000. Finally, Camarda Financial Advisors LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth $107,000.
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.
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