ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Scheduled to Reverse Split on November 7th

Shares of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) are set to undergo a reverse split on the morning of Thursday, November 7th. This 1-for-5 reverse split was officially announced on Monday, October 28th. After the market closes on Wednesday, November 6th, shareholders will see an adjustment in the number of shares they own.

ProShares UltraPro Short QQQ Trading Performance

On Wednesday, SQQQ shares opened at $6.92. The stock has experienced a 52-week low of $6.85 and a high of $22.56. It currently has a 50-day simple moving average of $7.85 and a 200-day simple moving average of $8.90.

Recent Dividend Announcement

Recently, ProShares UltraPro Short QQQ also announced a dividend payment, which was made on Wednesday, October 2nd. Shareholders who were on record as of September 25th received a dividend of $0.1495 per share, with the ex-dividend date being the same day.

Institutional Holdings Adjustments

In recent trading periods, institutional investors have made changes to their holdings of SQQQ. For example, HB Wealth Management LLC acquired a new stake worth $144,000 in the first quarter of this year. Additionally, Whittier Trust Co. of Nevada Inc. increased its stake by an impressive 438.7%, and now holds 8,080 shares valued at $85,000. Similarly, Embree Financial Group boosted its stake by 80.7%, owning 27,107 shares now valued at $284,000. Another investment firm, SG Americas Securities LLC, raised its stake by 299.1%, acquiring a total of 85,373 shares worth $895,000. Smithfield Trust Co. also increased its holdings by 26.7%, owning 231,500 shares valued at $2,427,000.

Company Overview

ProShares UltraPro Short QQQ is designed to achieve daily investment results that correspond to three times the inverse performance of the NASDAQ-100 Index, which comprises 100 of the largest non-financial companies listed on the NASDAQ stock market.

Market News and Highlights

• Investors may be interested in other bear market funds.
• Investors should consider other stocks that outperform SQQQ.
• Investors are seeking quality options in the stock market.

The upcoming reverse split is an important event for current shareholders, as it reflects adjustments aimed at impacting the stock's market performance.

stocks, reverse, dividend