ProShares UltraShort Top QQQ (NASDAQ:QQDN) Sees Large Increase in Short Interest

ProShares UltraShort Top QQQ (NASDAQ:QQDNGet Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,656 shares, a growth of 226.1% from the November 30th total of 1,121 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 2,511 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 2,511 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.3% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares UltraShort Top QQQ

An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets acquired a new position in ProShares UltraShort Top QQQ (NASDAQ:QQDNFree Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned 90.91% of ProShares UltraShort Top QQQ at the end of the most recent reporting period.

ProShares UltraShort Top QQQ Trading Down 0.5%

Shares of NASDAQ:QQDN opened at $24.66 on Friday. The firm has a fifty day moving average price of $25.63 and a 200 day moving average price of $29.87. ProShares UltraShort Top QQQ has a 1-year low of $23.60 and a 1-year high of $41.14.

ProShares UltraShort Top QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th will be given a $0.6257 dividend. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.50 annualized dividend and a dividend yield of 10.1%.

About ProShares UltraShort Top QQQ

(Get Free Report)

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.

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