ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Still a Buy?

Posted by Logan Wallace on Apr 2nd, 2026

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $77.45, but opened at $81.70. ProShares UltraPro Short QQQ shares last traded at $80.6250, with a volume of 14,100,665 shares changing hands.

ProShares UltraPro Short QQQ Stock Performance

The company has a 50-day moving average of $72.26 and a two-hundred day moving average of $71.44.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.6384 per share. This represents a $2.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently bought and sold shares of SQQQ. Sollinda Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth $3,435,000. AXS Investments LLC acquired a new position in ProShares UltraPro Short QQQ in the third quarter valued at $3,251,000. CreativeOne Wealth LLC purchased a new stake in ProShares UltraPro Short QQQ during the third quarter valued at about $831,000. Smithfield Trust Co increased its stake in ProShares UltraPro Short QQQ by 330.6% during the third quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after acquiring an additional 429,640 shares during the last quarter. Finally, Intellectus Partners LLC acquired a new stake in ProShares UltraPro Short QQQ during the third quarter worth about $381,000.

About ProShares UltraPro Short QQQ

(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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.