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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 55,240,000 shares, an increase 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 currently 0.4 days.

ProShares UltraPro Short QQQ Trading Down 0.6 %

ProShares UltraPro Short QQQ stock opened at $8.23 on Monday. ProShares UltraPro Short QQQ has a twelve month low of $7.86 and a twelve month high of $23.34. The company has a 50 day moving average of $9.88 and a 200-day moving average of $11.23.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be paid a $0.1605 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Wednesday, June 26th.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

A number of large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the fourth quarter valued at about $21,670,000. Jane Street Group LLC lifted its stake in ProShares UltraPro Short QQQ by 378.6% in the 1st quarter. Jane Street Group LLC now owns 1,947,014 shares of the company’s stock valued at $20,405,000 after acquiring an additional 1,540,169 shares in the last quarter. IMC Chicago LLC acquired a new position in ProShares UltraPro Short QQQ during the 4th quarter worth approximately $12,115,000. Elevatus Welath Management acquired a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $10,428,000. Finally, Simplex Trading LLC grew its stake in shares of ProShares UltraPro Short QQQ by 132.0% during the 1st quarter. Simplex Trading LLC now owns 833,229 shares of the company’s stock worth $8,732,000 after acquiring an additional 474,067 shares in 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.