ProShares UltraShort Top QQQ (NASDAQ:QQDN) to Issue Quarterly Dividend of $0.21

ProShares UltraShort Top QQQ (NASDAQ:QQDN) announced a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Wednesday, June 24th will be given a dividend of 0.2062 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, June 24th. This is a 29.5% increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.16.

ProShares UltraShort Top QQQ Trading Up 0.9%

Shares of QQDN stock traded up $0.21 during mid-day trading on Wednesday, hitting $24.81. 1,336 shares of the stock were exchanged, compared to its average volume of 3,339. ProShares UltraShort Top QQQ has a 52-week low of $19.63 and a 52-week high of $38.49. The firm has a fifty day moving average of $22.40 and a 200 day moving average of $26.00.

About ProShares UltraShort Top QQQ

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.