ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 13,490,000 shares, a drop of 78.6% from the October 15th total of 63,070,000 shares. Based on an average daily volume of 32,105,400 shares, the short-interest ratio is presently 0.4 days.
ProShares UltraPro Short QQQ Stock Up 0.5 %
Shares of NASDAQ SQQQ traded up $0.17 during midday trading on Tuesday, hitting $31.86. The stock had a trading volume of 36,812,643 shares, compared to its average volume of 29,521,635. ProShares UltraPro Short QQQ has a fifty-two week low of $31.37 and a fifty-two week high of $88.55. The company's 50-day simple moving average is $38.12 and its 200 day simple moving average is $42.88.
ProShares UltraPro Short QQQ Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.7475 per share. This is a boost from ProShares UltraPro Short QQQ's previous dividend of $0.16. The ex-dividend date was Wednesday, September 25th.
Institutional Trading of ProShares UltraPro Short QQQ
A number of institutional investors have recently bought and sold shares of the business. Raffles Associates LP lifted its stake in ProShares UltraPro Short QQQ by 250.0% in the second quarter. Raffles Associates LP now owns 175,000 shares of the company's stock valued at $1,449,000 after buying an additional 125,000 shares during the period. Global Assets Advisory LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter valued at approximately $548,000. SG Americas Securities LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 299.1% in the 1st quarter. SG Americas Securities LLC now owns 85,373 shares of the company's stock valued at $895,000 after buying an additional 63,983 shares during the period. Jane Street Group LLC increased its position in shares of ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company's stock valued at $20,405,000 after buying an additional 1,540,169 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in ProShares UltraPro Short QQQ during the 2nd quarter worth $1,481,000.
ProShares UltraPro Short QQQ Company Profile
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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.
Further Reading
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