ProShares UltraShort Top QQQ (NASDAQ:QQDN) Announces Dividend Increase – $0.63 Per Share

ProShares UltraShort Top QQQ (NASDAQ:QQDN) announced a quarterly dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.6257 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Wednesday, December 24th. This is a 152.1% increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25.

ProShares UltraShort Top QQQ Stock Down 2.5%

Shares of NASDAQ QQDN opened at $25.44 on Wednesday. The company has a fifty day moving average price of $25.80. ProShares UltraShort Top QQQ has a twelve month low of $23.60 and a twelve month high of $41.14.

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.