ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 35,500 shares, a decline of 99.9% from the March 15th total of 45,750,000 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 1.1 days.
ProShares UltraPro Short QQQ Stock Up 2.7 %
ProShares UltraPro Short QQQ stock traded up $0.29 during trading on Wednesday, reaching $10.90. 178,272,617 shares of the company's stock were exchanged, compared to its average volume of 132,979,875. ProShares UltraPro Short QQQ has a 52-week low of $10.05 and a 52-week high of $32.73. The company's 50-day moving average is $11.04 and its two-hundred day moving average is $14.58.
ProShares UltraPro Short QQQ Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, March 20th.
Institutional Investors Weigh In On ProShares UltraPro Short QQQ
A number of large investors have recently modified their holdings of SQQQ. GTS Securities LLC acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $56,305,000. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth $21,670,000. RBF Capital LLC boosted its stake in shares of ProShares UltraPro Short QQQ by 240.9% in the second quarter. RBF Capital LLC now owns 984,132 shares of the company's stock valued at $18,610,000 after purchasing an additional 695,472 shares during the period. IMC Chicago LLC acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter valued at $12,115,000. Finally, Elevatus Welath Management purchased a new stake in ProShares UltraPro Short QQQ during the 3rd quarter worth $10,428,000.
ProShares UltraPro Short QQQ Company Profile
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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.
Further Reading
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