ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Update

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 55,240,000 shares, a growth of 32.5% from the May 31st total of 41,700,000 shares. Based on an average daily trading volume, of 128,276,200 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraPro Short QQQ Stock Performance

Shares of NASDAQ:SQQQ traded down $0.16 during trading on Monday, reaching $8.12. The stock had a trading volume of 139,496,018 shares, compared to its average volume of 131,965,047. ProShares UltraPro Short QQQ has a 52 week low of $7.86 and a 52 week high of $23.34. The business’s 50-day moving average price is $9.79 and its 200 day moving average price is $11.19.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be given a $0.1605 dividend. The ex-dividend date is Wednesday, June 26th. This represents a $0.64 annualized dividend and a yield of 7.90%.

Institutional Trading of ProShares UltraPro Short QQQ

Several large investors have recently made changes to their positions in SQQQ. Elevatus Welath Management bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $10,428,000. Sowell Financial Services LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $401,000. Tower Research Capital LLC TRC raised its position in shares of ProShares UltraPro Short QQQ by 318.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock worth $3,082,000 after acquiring an additional 174,314 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the third quarter valued at $299,000. Finally, Vontobel Holding Ltd. boosted its holdings in ProShares UltraPro Short QQQ by 190.4% in the fourth quarter. Vontobel Holding Ltd. now owns 121,677 shares of the company’s stock valued at $1,637,000 after acquiring an additional 79,777 shares during the last quarter.

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.