ProShares UltraPro Short QQQ Target of Unusually High Options Trading (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw unusually large options trading on Friday. Stock traders acquired 367,664 call options on the company. This is an increase of 59% compared to the average daily volume of 230,647 call options.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management raised its holdings in shares of ProShares UltraPro Short QQQ by 1.1% in the first quarter. Hollencrest Capital Management now owns 43,836 shares of the company’s stock worth $1,287,000 after acquiring an additional 470 shares during the last quarter. Per Stirling Capital Management LLC. raised its holdings in shares of ProShares UltraPro Short QQQ by 4.9% in the third quarter. Per Stirling Capital Management LLC. now owns 15,566 shares of the company’s stock worth $318,000 after acquiring an additional 725 shares during the last quarter. Spire Wealth Management increased its stake in ProShares UltraPro Short QQQ by 86.7% in the third quarter. Spire Wealth Management now owns 1,867 shares of the company’s stock valued at $38,000 after purchasing an additional 867 shares during the last quarter. Hoey Investments Inc. increased its stake in ProShares UltraPro Short QQQ by 100.0% in the third quarter. Hoey Investments Inc. now owns 2,000 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in ProShares UltraPro Short QQQ by 8.4% in the second quarter. Captrust Financial Advisors now owns 15,729 shares of the company’s stock valued at $297,000 after purchasing an additional 1,225 shares during the last quarter.

ProShares UltraPro Short QQQ Price Performance

NASDAQ SQQQ opened at $12.84 on Friday. ProShares UltraPro Short QQQ has a fifty-two week low of $10.05 and a fifty-two week high of $32.73. The business has a fifty day moving average of $11.03 and a 200-day moving average of $14.19.

ProShares UltraPro Short QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were issued a $0.164 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

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.