ProShares UltraShort Top QQQ (NASDAQ:QQDN) to Issue Dividend Increase – $0.21 Per Share

ProShares UltraShort Top QQQ (NASDAQ:QQDN) announced a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.2062 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, June 24th. This is a 29.5% increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.16.

ProShares UltraShort Top QQQ Stock Performance

Shares of QQDN stock traded up $0.21 on Wednesday, hitting $24.81. The company had a trading volume of 1,336 shares, compared to its average volume of 3,339. The company has a 50-day moving average price of $22.40 and a 200-day moving average price of $26.00. ProShares UltraShort Top QQQ has a twelve month low of $19.63 and a twelve month high of $38.49.

About ProShares UltraShort Top QQQ

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.