ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up to $11.81

Posted by Alphonse Anthony on Apr 27th, 2024

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.81, but opened at $12.43. ProShares UltraPro Short QQQ shares last traded at $12.26, with a volume of 51,945,001 shares traded.

ProShares UltraPro Short QQQ Stock Performance

The firm has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $13.96.

ProShares UltraPro Short QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.164 per share. The ex-dividend date was Wednesday, March 20th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several large investors have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth $21,670,000. IMC Chicago LLC boosted its position in shares of ProShares UltraPro Short QQQ by 43.4% in the first quarter. IMC Chicago LLC now owns 1,291,481 shares of the company’s stock worth $13,535,000 after buying an additional 390,730 shares during the period. Simplex Trading LLC boosted its position in shares of ProShares UltraPro Short QQQ by 132.0% in the first 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. Elevatus Welath Management acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth $10,428,000. Finally, B. Riley Financial Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth $8,176,000.

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.