ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Should You Buy?

Posted by Stuart Ham on May 19th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $23.38, but opened at $24.37. ProShares UltraPro Short QQQ shares last traded at $23.73, with a volume of 47,686,970 shares trading hands.

ProShares UltraPro Short QQQ Stock Up 0.7%

The stock has a fifty day moving average price of $35.26 and a 200-day moving average price of $32.34.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.4823 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $2,922,000. DRW Securities LLC acquired a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth $3,155,000. Raffles Associates LP bought a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth about $623,000. Capital Investment Advisory Services LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter valued at about $2,374,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth about $439,000.

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.