ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $9.22

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) shares gapped up prior to trading on Friday . The stock had previously closed at $9.22, but opened at $9.81. ProShares UltraPro Short QQQ shares last traded at $9.81, with a volume of 30,072,072 shares trading hands.

ProShares UltraPro Short QQQ Stock Up 8.1 %

The stock’s fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $10.33.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a $0.1605 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.44%.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IMC Chicago LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 113.4% during the 2nd quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock valued at $22,818,000 after acquiring an additional 1,464,325 shares in the last quarter. Jane Street Group LLC increased its stake in ProShares UltraPro Short QQQ by 378.6% during the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after buying an additional 1,540,169 shares during the period. Jump Financial LLC purchased a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth $21,670,000. Simplex Trading LLC increased its stake in ProShares UltraPro Short QQQ by 132.0% during the 1st quarter. Simplex Trading LLC now owns 833,229 shares of the company’s stock worth $8,732,000 after buying an additional 474,067 shares during the period. Finally, Lane Generational LLC increased its stake in ProShares UltraPro Short QQQ by 18.7% during the 1st quarter. Lane Generational LLC now owns 320,799 shares of the company’s stock worth $3,362,000 after buying an additional 50,645 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.