Traders Buy Large Volume of ProShares UltraPro Short QQQ Call Options (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ - Get Free Report) was the recipient of unusually large options trading on Friday. Investors purchased 210,015 call options on the stock. This is an increase of 48% compared to the typical volume of 141,832 call options.

Institutional Trading of ProShares UltraPro Short QQQ

Several institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC bought a new position in ProShares UltraPro Short QQQ in the 1st quarter valued at $27,000. PayPay Securities Corp boosted its position in shares of ProShares UltraPro Short QQQ by 85.9% during the first quarter. PayPay Securities Corp now owns 1,556 shares of the company's stock worth $60,000 after purchasing an additional 719 shares in the last quarter. Peoples Bank KS acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $62,000. Centerpoint Advisors LLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 20.0% in the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company's stock valued at $187,000 after buying an additional 1,000 shares during the period. Finally, World Investment Advisors LLC raised its holdings in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company's stock worth $207,000 after acquiring an additional 9,463 shares during the period.

ProShares UltraPro Short QQQ Trading Down 4.0 %

Shares of NASDAQ SQQQ traded down $1.21 during mid-day trading on Friday, reaching $28.80. The company had a trading volume of 30,721,792 shares, compared to its average volume of 87,320,148. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $57.95. The stock's 50 day moving average is $36.80 and its 200-day moving average is $33.08.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 6.70%.

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.

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