Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $28.76 and last traded at $28.81, with a volume of 5092560 shares trading hands. The stock had previously closed at $29.57.
The business has a fifty day moving average price of $33.99 and a two-hundred day moving average price of $39.68.
The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a $0.7475 dividend. This is an increase from ProShares UltraPro Short QQQ's previous dividend of $0.16. The ex-dividend date was Wednesday, September 25th.
A number of hedge funds have recently modified their holdings of the stock. RBF Capital LLC lifted its position in shares of 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 in the last quarter. IMC Chicago LLC boosted its holdings 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 valued at $28,638,000 after purchasing an additional 1,119,452 shares during the period. Smithfield Trust Co boosted its holdings 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 valued at $5,645,000 after purchasing an additional 444,000 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth about $1,848,000. Finally, DRW Securities LLC purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth about $1,481,000.
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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