ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Rating) saw some unusual options trading on Friday. Traders bought 287,714 call options on the stock. This represents an increase of approximately 58% compared to the typical volume of 181,856 call options.
ProShares UltraPro Short QQQ Trading Down 6.1 %
Shares of NASDAQ:SQQQ opened at $36.73 on Friday. ProShares UltraPro Short QQQ has a 1 year low of $31.17 and a 1 year high of $69.55. The stock has a 50-day simple moving average of $42.99 and a 200-day simple moving average of $47.15.
Get ProShares UltraPro Short QQQ alerts:ProShares UltraPro Short QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 23rd were issued a $0.151 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, December 22nd.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
A number of institutional investors and hedge funds have recently bought and sold shares of SQQQ. DRW Securities LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $4,969,000. Epic Trust Investment Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at approximately $211,000. BOKF NA raised its position in shares of ProShares UltraPro Short QQQ by 15.1% in the 4th quarter. BOKF NA now owns 18,181 shares of the company's stock valued at $982,000 after purchasing an additional 2,381 shares in the last quarter. Barclays PLC raised its position in shares of ProShares UltraPro Short QQQ by 293.2% in the 4th quarter. Barclays PLC now owns 19,694 shares of the company's stock valued at $1,064,000 after purchasing an additional 14,685 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ProShares UltraPro Short QQQ by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 83,700 shares of the company's stock valued at $4,521,000 after purchasing an additional 1,620 shares in the last quarter.
About ProShares UltraPro Short QQQ
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on ProShares UltraPro Short QQQ (SQQQ)
- MarketBeat Week in Review – 2/27 – 3/3
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
Receive News & Ratings for ProShares UltraPro Short QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short QQQ and related companies with MarketBeat.com's FREE daily email newsletter.