ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Down 16.6% in December

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 12,030,000 shares, a drop of 16.6% from the December 15th total of 14,430,000 shares. Based on an average daily volume of 39,534,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently modified their holdings of the stock. Raffles Associates LP raised its position in shares of ProShares UltraPro Short QQQ by 250.0% in the 2nd quarter. Raffles Associates LP now owns 175,000 shares of the company’s stock worth $1,449,000 after purchasing an additional 125,000 shares during the last quarter. Global Assets Advisory LLC purchased a new position in ProShares UltraPro Short QQQ in the third quarter worth about $548,000. DRW Securities LLC purchased a new position in ProShares UltraPro Short QQQ in the second quarter worth about $1,481,000. Creative Planning lifted its stake in shares of ProShares UltraPro Short QQQ by 138.6% in the second quarter. Creative Planning now owns 46,219 shares of the company’s stock worth $383,000 after buying an additional 26,845 shares in the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $144,000.

ProShares UltraPro Short QQQ Price Performance

Shares of SQQQ stock traded up $0.61 during trading hours on Thursday, hitting $30.69. 44,899,223 shares of the company’s stock traded hands, compared to its average volume of 56,539,680. The stock’s fifty day simple moving average is $31.06 and its two-hundred day simple moving average is $37.20. ProShares UltraPro Short QQQ has a 12-month low of $27.54 and a 12-month high of $70.75.

ProShares UltraPro Short QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

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.