Short Interest in ProShares UltraShort Top QQQ (NASDAQ:QQDN) Declines By 49.0%

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 25 shares, a drop of 49.0% from the December 31st total of 49 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,832 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 3,832 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned 90.91% of ProShares UltraShort Top QQQ as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Top QQQ Stock Down 0.3%

Shares of NASDAQ QQDN opened at $25.34 on Thursday. ProShares UltraShort Top QQQ has a 1 year low of $23.60 and a 1 year high of $41.14. The stock’s 50-day simple moving average is $25.79 and its 200-day simple moving average is $28.02.

ProShares UltraShort Top QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.6257 per share. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, December 24th. This represents a $2.50 annualized dividend and a dividend yield of 9.9%.

About ProShares UltraShort Top QQQ

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.