Short Interest in ProShares Trust UltraPro Short QQQ ETF (SQQQ) Expands By 64.6%

ProShares Trust UltraPro Short QQQ ETF (NASDAQ:SQQQ) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,346,053 shares, an increase of 64.6% from the May 31st total of 2,033,035 shares. Based on an average daily trading volume, of 16,029,529 shares, the short-interest ratio is presently 0.2 days.

Several institutional investors have recently modified their holdings of SQQQ. Two Sigma Securities LLC acquired a new stake in shares of ProShares Trust UltraPro Short QQQ ETF in the fourth quarter worth $455,000. OLD Mission Capital LLC acquired a new stake in shares of ProShares Trust UltraPro Short QQQ ETF in the fourth quarter worth $1,201,000. Finally, Wolverine Asset Management LLC boosted its position in shares of ProShares Trust UltraPro Short QQQ ETF by 545.5% in the fourth quarter. Wolverine Asset Management LLC now owns 114,900 shares of the company’s stock worth $2,471,000 after buying an additional 97,100 shares during the period.

Shares of ProShares Trust UltraPro Short QQQ ETF opened at $14.46 on Friday, Marketbeat reports. ProShares Trust UltraPro Short QQQ ETF has a 12 month low of $12.91 and a 12 month high of $33.45.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 27th. Stockholders of record on Thursday, June 21st were given a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, June 20th. This is a boost from ProShares Trust UltraPro Short QQQ ETF’s previous quarterly dividend of $0.04.

ProShares Trust UltraPro Short QQQ ETF 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.

Receive News & Ratings for ProShares Trust UltraPro Short QQQ ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Trust UltraPro Short QQQ ETF and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply