ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Down 14.1% in February

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 5,436,923 shares, a decline of 14.1% from the January 29th total of 6,325,904 shares. Based on an average daily volume of 60,298,081 shares, the days-to-cover ratio is presently 0.1 days. Currently, 16.3% of the company’s stock are sold short. Currently, 16.3% of the company’s stock are sold short. Based on an average daily volume of 60,298,081 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short QQQ Trading Down 4.5%

Shares of ProShares UltraPro Short QQQ stock opened at $69.62 on Thursday. The stock has a 50-day simple moving average of $68.28 and a 200-day simple moving average of $73.04. ProShares UltraPro Short QQQ has a 52-week low of $61.72 and a 52-week high of $289.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a dividend of $1.5055 per share. The ex-dividend date was Wednesday, December 24th. This represents a $6.02 dividend on an annualized basis and a dividend yield of 8.6%. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter valued at about $137,000. Hamilton Wealth LLC raised its stake in shares of ProShares UltraPro Short QQQ by 1,087.5% during the fourth quarter. Hamilton Wealth LLC now owns 118,754 shares of the company’s stock worth $8,135,000 after buying an additional 108,754 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $1,322,000. Corient Private Wealth LLC acquired a new position in ProShares UltraPro Short QQQ in the fourth quarter valued at approximately $431,000. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares UltraPro Short QQQ by 1,636.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 41,217 shares of the company’s stock valued at $2,823,000 after acquiring an additional 38,844 shares during the last quarter.

About ProShares UltraPro Short QQQ

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.