ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 63,070,000 shares, a growth of 19.5% from the September 30th total of 52,800,000 shares. Based on an average daily trading volume, of 170,074,800 shares, the short-interest ratio is presently 0.4 days.
ProShares UltraPro Short QQQ Stock Performance
SQQQ stock remained flat at $7.11 during trading on Monday. The company's stock had a trading volume of 135,923,477 shares, compared to its average volume of 145,277,625. The company has a 50-day moving average price of $7.87 and a two-hundred day moving average price of $8.92. ProShares UltraPro Short QQQ has a 1-year low of $6.89 and a 1-year high of $22.56.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a dividend of $0.1495 per share. The ex-dividend date was Wednesday, September 25th.
Institutional Trading of ProShares UltraPro Short QQQ
Several institutional investors and hedge funds have recently added to or reduced their stakes in SQQQ. IMC Chicago LLC boosted its stake in ProShares UltraPro Short QQQ by 40.6% in the 3rd quarter. IMC Chicago LLC now owns 3,875,258 shares of the company's stock worth $28,638,000 after purchasing an additional 1,119,452 shares during the period. Galibier Capital Management Ltd. lifted its holdings in shares of ProShares UltraPro Short QQQ by 25.1% in the third quarter. Galibier Capital Management Ltd. now owns 54,400 shares of the company's stock worth $402,000 after buying an additional 10,900 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth $153,000. Global Assets Advisory LLC bought a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth $548,000. Finally, Venture Visionary Partners LLC purchased a new position in ProShares UltraPro Short QQQ during the third quarter valued at $144,000.
ProShares UltraPro Short QQQ Company Profile
(
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.
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