ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Should You Buy?

Posted by Anthony Miller on Mar 26th, 2026

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $76.96, but opened at $79.02. ProShares UltraPro Short QQQ shares last traded at $78.7110, with a volume of 16,711,539 shares trading hands.

ProShares UltraPro Short QQQ Trading Up 4.7%

The company’s 50 day moving average price is $70.68 and its 200-day moving average price is $71.49.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.6384 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.55 annualized dividend and a yield of 3.2%.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $7,668,000. Creative Planning purchased a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $1,986,000. JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at $400,000. MAI Capital Management purchased a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth $38,000. Finally, Sepio Capital LP acquired a new stake in ProShares UltraPro Short QQQ in the 2nd quarter valued at $226,000.

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.