Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Drops By 16.6%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 12,030,000 shares, a decline of 16.6% from the December 15th total of 14,430,000 shares. Based on an average daily volume of 39,534,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of ProShares UltraPro Short QQQ

A number of institutional investors have recently modified their holdings of SQQQ. Peoples Bank KS purchased a new stake in ProShares UltraPro Short QQQ in the 4th quarter worth approximately $62,000. World Investment Advisors LLC increased its stake in 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 valued at $207,000 after purchasing an additional 9,463 shares in the last quarter. Barclays PLC lifted its position in ProShares UltraPro Short QQQ by 157.8% in the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after acquiring an additional 124,500 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at $1,848,000. Finally, RBF Capital LLC lifted its position in ProShares UltraPro Short QQQ by 230.7% during the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock valued at $12,352,000 after purchasing an additional 1,166,014 shares during the period.

ProShares UltraPro Short QQQ Stock Down 4.9 %

Shares of ProShares UltraPro Short QQQ stock traded down $1.50 on Friday, hitting $29.19. The stock had a trading volume of 55,557,783 shares, compared to its average volume of 56,480,375. ProShares UltraPro Short QQQ has a one year low of $27.54 and a one year high of $67.75. The stock’s 50-day simple moving average is $30.99 and its two-hundred day simple moving average is $37.07.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8168 dividend. The ex-dividend date was Monday, December 23rd. This is a positive change from ProShares UltraPro Short QQQ’s previous dividend of $0.75.

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.