ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Gap Up – Here’s Why

Posted by Tyrone Williams on Apr 2nd, 2026

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares 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 business has a 50 day moving average price of $72.26 and a 200-day moving average price of $71.44.

ProShares UltraPro Short QQQ Cuts Dividend

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

Institutional Trading of ProShares UltraPro Short QQQ

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in ProShares UltraPro Short QQQ during the first quarter worth approximately $7,668,000. JPMorgan Chase & Co. acquired a new position in ProShares UltraPro Short QQQ in the 2nd quarter valued at $400,000. EverSource Wealth Advisors LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 43.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,499 shares of the company’s stock worth $323,000 after purchasing an additional 4,999 shares during the period. Two Seas Capital LP purchased a new position in shares of ProShares UltraPro Short QQQ during the 2nd quarter worth $9,785,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth $198,000.

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.