ProShares UltraShort Top QQQ to Issue Quarterly Dividend of $0.18 (NASDAQ:QQDN)

ProShares UltraShort Top QQQ (NASDAQ:QQDN) announced a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Wednesday, September 23rd will be given a dividend of 0.184 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

ProShares UltraShort Top QQQ Price Performance

Shares of NASDAQ:QQDN traded up $0.40 on Wednesday, reaching $20.06. 974 shares of the company traded hands, compared to its average volume of 2,837. ProShares UltraShort Top QQQ has a fifty-two week low of $19.56 and a fifty-two week high of $35.03. The company’s 50 day moving average is $21.25 and its 200-day moving average is $23.72.

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.