ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 12,030,000 shares, a decrease of 16.6% from the December 15th total of 14,430,000 shares. Based on an average trading volume of 39,534,800 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
Hedge funds and other institutional investors have recently modified their holdings of the stock. Peoples Bank KS purchased a new position in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $62,000. World Investment Advisors LLC grew its stake in ProShares UltraPro Short QQQ by 51.0% in the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after purchasing an additional 9,463 shares during the period. Barclays PLC raised its holdings in ProShares UltraPro Short QQQ by 157.8% in the third quarter. Barclays PLC now owns 203,395 shares of the company's stock worth $1,503,000 after purchasing an additional 124,500 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in ProShares UltraPro Short QQQ during the third quarter valued at $1,848,000. Finally, RBF Capital LLC lifted its position in ProShares UltraPro Short QQQ by 230.7% during the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company's stock valued at $12,352,000 after buying an additional 1,166,014 shares during the period.
ProShares UltraPro Short QQQ Stock Performance
NASDAQ:SQQQ traded up $0.61 during trading hours on Thursday, hitting $30.69. The company had a trading volume of 44,899,223 shares, compared to its average volume of 56,539,680. The stock has a 50-day moving average price of $31.06 and a 200 day moving average price of $37.20. ProShares UltraPro Short QQQ has a 52 week low of $27.54 and a 52 week high of $70.75.
ProShares UltraPro Short QQQ Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a positive change from ProShares UltraPro Short QQQ's previous dividend of $0.75. The ex-dividend date of this dividend was Monday, December 23rd.
About ProShares UltraPro Short QQQ
(
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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