ProShares UltraPro Short QQQ Sees Unusually High Options Volume (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw some unusual options trading activity on Friday. Investors acquired 230,192 call options on the company. Thisrepresentsanincreaseofapproximately48% compared to the typical volume of 155,756 call options.

ProShares UltraPro Short QQQ Price Performance

ProShares UltraPro Short QQQ stock opened at $19.52 on Friday. The firm has a 50-day moving average of $20.68 and a two-hundred day moving average of $28.36. ProShares UltraPro Short QQQ has a 1 year low of $17.49 and a 1 year high of $57.95.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid a $0.2566 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.03 annualized dividend and a yield of 5.3%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 1st quarter worth $27,000. Redwood Park Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 69.3% in the first quarter. Redwood Park Advisors LLC now owns 887 shares of the company’s stock valued at $34,000 after acquiring an additional 363 shares in the last quarter. PayPay Securities Corp lifted its stake in ProShares UltraPro Short QQQ by 85.9% in the first quarter. PayPay Securities Corp now owns 1,556 shares of the company’s stock worth $60,000 after acquiring an additional 719 shares during the period. Game Plan Financial Advisors LLC grew its holdings in ProShares UltraPro Short QQQ by 16,818.2% during the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company’s stock worth $71,000 after acquiring an additional 1,850 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth about $100,000.

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.