ProShares UltraPro Short QQQ Sees Unusually Large Options Volume (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw unusually large options trading on Friday. Stock traders bought 267,795 call options on the stock. This represents an increase of approximately 71% compared to the average daily volume of 156,841 call options.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $27,000. Redwood Park Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 69.3% during the 1st quarter. Redwood Park Advisors LLC now owns 887 shares of the company's stock valued at $34,000 after purchasing an additional 363 shares during the last quarter. PayPay Securities Corp increased its position in shares of ProShares UltraPro Short QQQ by 85.9% during the 1st quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock valued at $60,000 after purchasing an additional 719 shares during the last quarter. Game Plan Financial Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 16,818.2% during the 1st quarter. Game Plan Financial Advisors LLC now owns 1,861 shares of the company's stock valued at $71,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of ProShares UltraPro Short QQQ during the 1st quarter valued at approximately $100,000.

ProShares UltraPro Short QQQ Trading Down 4.1%

NASDAQ SQQQ traded down $0.94 during trading hours on Monday, hitting $21.82. 87,931,357 shares of the company were exchanged, compared to its average volume of 61,379,456. ProShares UltraPro Short QQQ has a 52 week low of $21.52 and a 52 week high of $57.95. The stock has a 50-day moving average price of $28.31 and a 200 day moving average price of $30.82.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.4823 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date was Wednesday, March 26th.

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.