ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors bought 179,946 call options on the stock. This represents an increase of 41% compared to the average volume of 127,423 call options.
ProShares UltraPro Short QQQ Stock Performance
Shares of SQQQ stock traded down $18.69 during mid-day trading on Wednesday, hitting $34.28. 270,583,643 shares of the stock were exchanged, compared to its average volume of 45,625,913. The stock's fifty day simple moving average is $34.41 and its two-hundred day simple moving average is $33.26. ProShares UltraPro Short QQQ has a 12-month low of $26.21 and a 12-month high of $64.95.
ProShares UltraPro Short QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 5.63%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SQQQ. Parallel Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter worth $27,000. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter valued at approximately $7,334,000. Raffles Associates LP acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $623,000. Tower Research Capital LLC TRC raised its holdings in ProShares UltraPro Short QQQ by 6,510.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,054 shares of the company's stock worth $1,029,000 after purchasing an additional 32,554 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $3,155,000.
About ProShares UltraPro Short QQQ
(
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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.
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