ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Stock Price Drops 5.1% - What Does This Mean for Investors?

Published January 30, 2025

On Tuesday, the stock price of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) fell by 5.1%. The shares reached a low of $29.02 during the trading session and were last seen at $28.85. A total of 42,141,544 shares were traded, reflecting a decline of 21% compared to the average trading volume of 53,335,797 shares. The previous closing price stood at $30.40.

Price Performance of ProShares UltraPro Short QQQ

The 50-day moving average for SQQQ is $30.46, while the 200-day moving average is $36.68. These figures provide a context for understanding the stock's movement in the recent market trends.

Dividend Increase Announced

In a recent development, ProShares UltraPro Short QQQ announced an increase in its dividend. The new dividend, amounting to $0.8168 per share, was paid out on December 31st to shareholders on record as of December 23rd. This is an increase from the previous dividend of $0.75, indicating a positive change for investors. The ex-dividend date for this distribution was also December 23rd.

Institutional Investment Activity

Several institutional investors have adjusted their holdings in ProShares UltraPro Short QQQ recently. For instance, Strategic Investment Solutions Inc. from Illinois purchased a new stock position worth $29,000 in the second quarter. Additionally, Peoples Bank in Kansas acquired a new stake valued at approximately $62,000 in the fourth quarter. Other notable investors include TFB Advisors LLC and CWA Asset Management Group LLC, which made positions worth $131,000 and $133,000 respectively in the third quarter. Furthermore, SG Americas Securities LLC boosted its stake by 25.5%, owning a total of 18,090 shares after acquiring an additional 3,679 shares in the recent quarter.

Understanding ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ aims to achieve daily investment results that correspond to three times the inverse performance of the NASDAQ-100 Index, which features 100 of the largest non-financial companies listed on the NASDAQ Stock Market. Investors use this fund as a way to profit from declines in the NASDAQ-100 Index.

What’s Next for Investors?

With the current