Investors Buy Large Volume of Call Options on ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) saw unusually large options trading activity on Friday. Investors purchased 308,907 call options on the stock. This is an increase of approximately 63% compared to the typical daily volume of 189,520 call options.

ProShares UltraPro Short QQQ Stock Up 1.4 %

Shares of SQQQ opened at $34.49 on Friday. The firm’s 50 day moving average is $39.90 and its 200-day moving average is $47.17. ProShares UltraPro Short QQQ has a 12-month low of $31.17 and a 12-month high of $69.55.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 23rd were given a $0.151 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, December 22nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Paragon Wealth Strategies LLC purchased a new position in shares of ProShares UltraPro Short QQQ in the third quarter worth approximately $25,000. Psagot Value Holdings Ltd. Israel boosted its holdings in shares of ProShares UltraPro Short QQQ by 229.4% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 718 shares of the company’s stock worth $44,000 after purchasing an additional 500 shares during the period. Bank of Montreal Can boosted its holdings in shares of ProShares UltraPro Short QQQ by 108.0% during the fourth quarter. Bank of Montreal Can now owns 915 shares of the company’s stock worth $51,000 after purchasing an additional 475 shares during the period. Level Financial Advisors Inc. acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $86,000. Finally, Signaturefd LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth approximately $92,000.

ProShares UltraPro Short QQQ Company Profile

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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.