Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Grows By 20.9%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 14,290,000 shares, a growth of 20.9% from the March 15th total of 11,820,000 shares. Based on an average trading volume of 81,477,100 shares, the short-interest ratio is presently 0.2 days. Currently, 21.6% of the shares of the stock are sold short.

ProShares UltraPro Short QQQ Trading Up 7.4 %

Shares of NASDAQ:SQQQ opened at $41.49 on Tuesday. The business’s fifty day moving average price is $35.91 and its two-hundred day moving average price is $33.24. ProShares UltraPro Short QQQ has a fifty-two week low of $26.21 and a fifty-two week high of $64.65.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.65%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SQQQ. Parallel Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at $27,000. PayPay Securities Corp boosted its holdings in ProShares UltraPro Short QQQ by 85.9% during the first quarter. PayPay Securities Corp now owns 1,556 shares of the company’s stock worth $60,000 after buying an additional 719 shares during the last quarter. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at about $62,000. Centerpoint Advisors LLC raised its position in shares of ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after acquiring an additional 1,000 shares during the period. Finally, World Investment Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after purchasing an additional 9,463 shares during the period.

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.