ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Update

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 4,454,928 shares, a decline of 18.9% from the December 15th total of 5,493,082 shares. Currently, 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 28,158,926 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 28,158,926 shares, the short-interest ratio is presently 0.2 days. Currently, 12.6% of the company’s shares are sold short.

ProShares UltraPro Short QQQ Price Performance

SQQQ stock traded up $0.32 during midday trading on Monday, reaching $66.58. The company’s stock had a trading volume of 34,393,335 shares, compared to its average volume of 37,833,297. The business’s 50-day simple moving average is $69.01 and its 200-day simple moving average is $78.27. ProShares UltraPro Short QQQ has a 52 week low of $63.40 and a 52 week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $1.5055 per share. This represents a $6.02 dividend on an annualized basis and a dividend yield of 9.0%. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in ProShares UltraPro Short QQQ by 105.4% during the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after buying an additional 1,022 shares during the last quarter. MAI Capital Management bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $38,000. Osaic Holdings Inc. boosted its stake in ProShares UltraPro Short QQQ by 47.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock worth $42,000 after acquiring an additional 696 shares during the last quarter. PayPay Securities Corp grew its holdings in ProShares UltraPro Short QQQ by 100.8% during the second quarter. PayPay Securities Corp now owns 3,124 shares of the company’s stock valued at $61,000 after purchasing an additional 1,568 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in ProShares UltraPro Short QQQ in the third quarter valued at approximately $63,000.

ProShares UltraPro Short QQQ Company Profile

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.