ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Time to Buy?

ProShares UltraPro Short QQQ (NASDAQ:SQQQ)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $31.83, but opened at $32.98. ProShares UltraPro Short QQQ shares last traded at $32.93, with a volume of 11,495,989 shares changing hands.

ProShares UltraPro Short QQQ Stock Up 0.3 %

The firm has a fifty day simple moving average of $31.12 and a two-hundred day simple moving average of $37.25.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8168 dividend. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SQQQ. Strategic Investment Solutions Inc. IL bought a new stake in ProShares UltraPro Short QQQ during the second quarter worth about $29,000. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at about $62,000. TFB Advisors LLC bought a new stake in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $131,000. CWA Asset Management Group LLC purchased a new stake in ProShares UltraPro Short QQQ in the third quarter worth approximately $133,000. Finally, SG Americas Securities LLC grew its position in ProShares UltraPro Short QQQ by 25.5% during the third quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock valued at $134,000 after acquiring an additional 3,679 shares during the last quarter.

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.