Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Declines By 78.6%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 13,490,000 shares, a decline of 78.6% from the October 15th total of 63,070,000 shares. Based on an average daily volume of 32,105,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of ProShares UltraPro Short QQQ

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC increased its stake in ProShares UltraPro Short QQQ by 378.6% during the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock worth $20,405,000 after buying an additional 1,540,169 shares during the period. IMC Chicago LLC grew its stake in shares of ProShares UltraPro Short QQQ by 113.4% in the second quarter. IMC Chicago LLC now owns 2,755,806 shares of the company’s stock worth $22,818,000 after acquiring an additional 1,464,325 shares in the last quarter. Smithfield Trust Co increased its position in shares of ProShares UltraPro Short QQQ by 138.8% during the third quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after acquiring an additional 444,000 shares during the period. DRW Securities LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the second quarter valued at $1,481,000. Finally, Raffles Associates LP boosted its holdings in ProShares UltraPro Short QQQ by 250.0% in the second quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock valued at $1,449,000 after purchasing an additional 125,000 shares during the period.

ProShares UltraPro Short QQQ Trading Down 0.0 %

NASDAQ SQQQ traded down $0.01 during trading hours on Wednesday, reaching $31.85. The company had a trading volume of 27,868,390 shares, compared to its average volume of 29,507,348. ProShares UltraPro Short QQQ has a 1-year low of $31.37 and a 1-year high of $84.00. The stock has a 50-day moving average of $37.87 and a 200 day moving average of $42.71.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a $0.7475 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.16.

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.