ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Update

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 5,436,923 shares, a drop of 14.1% from the January 29th total of 6,325,904 shares. Currently, 16.3% of the shares of the stock are sold short. Based on an average trading volume of 60,298,081 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 60,298,081 shares, the days-to-cover ratio is currently 0.1 days. Currently, 16.3% of the shares of the stock are sold short.

ProShares UltraPro Short QQQ Trading Up 0.9%

Shares of ProShares UltraPro Short QQQ stock opened at $70.26 on Friday. ProShares UltraPro Short QQQ has a 12-month low of $61.72 and a 12-month high of $289.00. The company has a 50-day simple moving average of $68.38 and a 200 day simple moving average of $73.03.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $1.5055 dividend. This represents a $6.02 dividend on an annualized basis and a dividend yield of 8.6%. This is an increase from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. AXS Investments LLC acquired a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at about $3,251,000. Smithfield Trust Co lifted its position in shares of ProShares UltraPro Short QQQ by 330.6% during the third quarter. Smithfield Trust Co now owns 559,600 shares of the company’s stock worth $8,523,000 after purchasing an additional 429,640 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of ProShares UltraPro Short QQQ by 1,685.7% during the third quarter. Optiver Holding B.V. now owns 309,795 shares of the company’s stock valued at $4,718,000 after purchasing an additional 292,446 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of ProShares UltraPro Short QQQ by 448.3% during the third quarter. SBI Securities Co. Ltd. now owns 105,962 shares of the company’s stock valued at $1,614,000 after purchasing an additional 86,635 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 139.8% in the third quarter. EverSource Wealth Advisors LLC now owns 39,558 shares of the company’s stock valued at $602,000 after purchasing an additional 23,059 shares in the last quarter.

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. 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.