ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Down to $34.19

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.09, but opened at $34.19. ProShares UltraPro Short QQQ shares last traded at $33.16, with a volume of 14,551,408 shares traded.

The firm has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $26.87.

The firm also recently declared a — dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 26th were issued a $0.1847 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a dividend yield of 3.3%.

An institutional investor recently bought a new position in ProShares UltraPro Short QQQ stock. Institutional & Family Asset Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,371 shares of the company’s stock, valued at approximately $83,000.

ProShares UltraPro Short QQQ Company Profile (NASDAQ:SQQQ)

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.

See Also: Coverage Ratio

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