ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Trading Up 5.5% – Here’s Why

Posted by Editorial Team on Jan 12th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s stock price shot up 5.5% during mid-day trading on Friday . The company traded as high as $32.42 and last traded at $32.03. 25,202,213 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 49,976,945 shares. The stock had previously closed at $30.35.

ProShares UltraPro Short QQQ Stock Performance

The business’s 50 day moving average price is $31.31 and its 200 day moving average price is $37.39.

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. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $62,000. TFB Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at approximately $131,000. CWA Asset Management Group LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $133,000. Finally, SG Americas Securities LLC lifted its position in shares of ProShares UltraPro Short QQQ by 25.5% during 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 in the last quarter.

ProShares UltraPro Short QQQ Company Profile

(Get Free Report)

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.