ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 4.2% – Time to Sell?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares were down 4.2% during mid-day trading on Friday . The company traded as low as $28.97 and last traded at $29.39. Approximately 15,008,210 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 52,739,352 shares. The stock had previously closed at $30.69.

ProShares UltraPro Short QQQ Price Performance

The business has a 50-day moving average of $30.99 and a 200-day moving average of $37.05.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8168 per share. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares UltraPro Short QQQ during the second quarter valued at approximately $29,000. Peoples Bank KS purchased a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at $62,000. TFB Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth about $131,000. CWA Asset Management Group LLC bought a new stake in ProShares UltraPro Short QQQ during the 3rd quarter valued at about $133,000. Finally, SG Americas Securities LLC boosted its position in ProShares UltraPro Short QQQ by 25.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after buying an additional 3,679 shares during the period.

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.