ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Update

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 49 shares, a decrease of 98.7% from the December 15th total of 3,656 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 3,609 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 3,609 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

ProShares UltraShort Top QQQ Stock Performance

Shares of QQDN stock traded down $0.28 during mid-day trading on Monday, hitting $25.15. The company’s stock had a trading volume of 27,167 shares, compared to its average volume of 4,681. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $28.83. ProShares UltraShort Top QQQ has a 52 week low of $23.60 and a 52 week high of $41.14.

ProShares UltraShort Top QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $0.6257 dividend. The ex-dividend date was Wednesday, December 24th. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. This represents a $2.50 dividend on an annualized basis and a yield of 10.0%.

Institutional Trading of 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 stake in ProShares UltraShort Top QQQ (NASDAQ:QQDN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned approximately 90.91% of ProShares UltraShort Top QQQ as of its most recent SEC filing.

ProShares UltraShort Top QQQ Company Profile

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.