Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Rises By 20.9%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 14,290,000 shares, an increase of 20.9% from the March 15th total of 11,820,000 shares. Based on an average daily trading volume, of 81,477,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 21.6% of the company's stock are sold short.

Institutional Trading of ProShares UltraPro Short QQQ

Several institutional investors and hedge funds have recently bought and sold shares of SQQQ. Barclays PLC lifted its holdings in ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company's stock valued at $1,503,000 after purchasing an additional 124,500 shares during the last quarter. World Investment Advisors LLC lifted its stake in shares of ProShares UltraPro Short QQQ by 51.0% during the 3rd quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after buying an additional 9,463 shares during the last quarter. Peoples Bank KS bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth about $62,000. Foundations Investment Advisors LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $360,000. Finally, Capital Investment Advisory Services LLC acquired a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at about $2,374,000.

ProShares UltraPro Short QQQ Price Performance

SQQQ traded down $0.97 during trading on Friday, reaching $31.75. 93,549,034 shares of the stock were exchanged, compared to its average volume of 49,427,389. The stock's 50 day moving average price is $36.44 and its two-hundred day moving average price is $33.25. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $62.60.

ProShares UltraPro Short QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a $0.4823 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a yield of 6.08%.

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.