ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sees Unusually-High Trading Volume – Here’s What Happened

Posted by Mitch Edgeman on Apr 6th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares saw strong trading volume on Friday . 45,819,210 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 42,384,560 shares.The stock last traded at $46.40 and had previously closed at $42.53.

ProShares UltraPro Short QQQ Stock Up 18.4 %

The business’s 50 day simple moving average is $32.84 and its 200-day simple moving average is $33.03.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a $0.4823 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 3.83%.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several hedge funds have recently added to or reduced their stakes in the stock. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000. Centerpoint Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 20.0% during the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after purchasing an additional 1,000 shares during the period. World Investment Advisors LLC increased its stake in ProShares UltraPro Short QQQ by 51.0% in the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after purchasing an additional 9,463 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in ProShares UltraPro Short QQQ in the fourth quarter worth $360,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth $423,000.

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.