ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Down 18.9% in December

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,454,928 shares, a decrease of 18.9% from the December 15th total of 5,493,082 shares. Approximately 12.6% of the company’s shares are sold short. Based on an average daily trading volume, of 28,158,926 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 28,158,926 shares, the short-interest ratio is currently 0.2 days. Approximately 12.6% of the company’s shares are sold short.

Institutional Trading of ProShares UltraPro Short QQQ

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter worth about $33,368,000. Q Fund Management Hong Kong Ltd purchased a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at about $11,051,000. TB Alternative Assets Ltd. purchased a new stake in shares of ProShares UltraPro Short QQQ during the 3rd quarter valued at about $8,394,000. Two Seas Capital LP acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $9,785,000. Finally, Smithfield Trust Co boosted its holdings in ProShares UltraPro Short QQQ by 330.6% in the 3rd quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after acquiring an additional 429,640 shares during the period.

ProShares UltraPro Short QQQ Stock Up 6.3%

Shares of SQQQ opened at $70.77 on Wednesday. ProShares UltraPro Short QQQ has a twelve month low of $63.40 and a twelve month high of $289.00. The stock’s fifty day simple moving average is $69.05 and its 200 day simple moving average is $77.89.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $1.5055 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $6.02 annualized dividend and a dividend yield of 8.5%. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21.

ProShares UltraPro Short QQQ Company Profile

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.