ProShares UltraShort QQQ (NYSEARCA:QID)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $40.77, but opened at $41.30. ProShares UltraShort QQQ shares last traded at $40.65, with a volume of 163890 shares.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Thursday, September 27th were given a dividend of $0.1875 per share. This is an increase from ProShares UltraShort QQQ’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, September 26th. This represents a $0.75 annualized dividend and a yield of 1.87%.
A hedge fund recently bought a new stake in ProShares UltraShort QQQ stock. Tower Research Capital LLC TRC purchased a new position in shares of ProShares UltraShort QQQ (NYSEARCA:QID) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,449 shares of the exchange traded fund’s stock, valued at approximately $2,484,000. Tower Research Capital LLC TRC owned approximately 0.81% of ProShares UltraShort QQQ as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraShort QQQ (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization.
Recommended Story: Should I follow buy, hold and sell recommendations?
Receive News & Ratings for ProShares UltraShort QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort QQQ and related companies with MarketBeat.com's FREE daily email newsletter.