ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) rose 6% during mid-day trading on Friday . The stock traded as high as $28.20 and last traded at $28.36. Approximately 50,351,911 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 52,799,863 shares. The stock had previously closed at $26.76.
The company's 50 day simple moving average is $29.09 and its 200-day simple moving average is $34.90.
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8168 dividend. The ex-dividend date was Monday, December 23rd. This is an increase from ProShares UltraPro Short QQQ's previous dividend of $0.75.
Several institutional investors have recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $62,000. TFB Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the third quarter valued at approximately $131,000. CWA Asset Management Group LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth $133,000. SG Americas Securities LLC lifted its stake in shares of 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 worth $134,000 after buying an additional 3,679 shares during the period. Finally, Venture Visionary Partners LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth $144,000.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider ProShares UltraPro Short QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ProShares UltraPro Short QQQ wasn't on the list.
While ProShares UltraPro Short QQQ currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.