ProShares UltraShort QQQ (NYSEARCA:QID) Short Interest Update

ProShares UltraShort QQQ (NYSEARCA:QIDGet Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,529,148 shares, a growth of 86.4% from the March 15th total of 820,271 shares. Approximately 10.6% of the company’s stock are short sold. Based on an average daily trading volume, of 21,886,703 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort QQQ

Several large investors have recently added to or reduced their stakes in QID. HRT Financial LP purchased a new stake in ProShares UltraShort QQQ in the 4th quarter worth about $3,418,000. Jump Financial LLC purchased a new position in shares of ProShares UltraShort QQQ during the fourth quarter worth about $2,157,000. Pacific Point Advisors LLC bought a new stake in ProShares UltraShort QQQ in the 3rd quarter worth approximately $2,153,000. Quadrature Capital Ltd bought a new stake in ProShares UltraShort QQQ in the 4th quarter worth approximately $1,427,000. Finally, Hamilton Wealth LLC bought a new stake in ProShares UltraShort QQQ in the 4th quarter worth approximately $1,103,000.

ProShares UltraShort QQQ Price Performance

Shares of ProShares UltraShort QQQ stock opened at $20.21 on Monday. ProShares UltraShort QQQ has a 1 year low of $18.87 and a 1 year high of $42.43. The stock has a fifty day moving average price of $21.25 and a 200-day moving average price of $20.72.

ProShares UltraShort QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a dividend of $0.1471 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.59 annualized dividend and a dividend yield of 2.9%.

About ProShares UltraShort QQQ

(Get Free Report)

ProShares UltraShort QQQ (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across industry groups, including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.

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