ProShares UltraPro Short QQQ Target of Unusually Large Options Trading (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of unusually large options trading on Friday. Traders acquired 179,946 call options on the stock. This represents an increase of approximately 41% compared to the average volume of 127,423 call options.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several institutional investors have recently made changes to their positions in SQQQ. RBF Capital LLC raised 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 in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter worth $1,848,000. Barclays PLC increased its holdings in shares of ProShares UltraPro Short QQQ by 157.8% during the third quarter. Barclays PLC now owns 203,395 shares of the company’s stock worth $1,503,000 after buying an additional 124,500 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock worth $207,000 after purchasing an additional 9,463 shares during the period. Finally, Peoples Bank KS acquired a new stake in ProShares UltraPro Short QQQ during the 4th quarter worth about $62,000.

ProShares UltraPro Short QQQ Stock Performance

SQQQ stock opened at $50.36 on Friday. ProShares UltraPro Short QQQ has a 52 week low of $26.21 and a 52 week high of $64.95. The company’s 50-day simple moving average is $32.84 and its 200 day simple moving average is $33.09.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.4823 per share. The ex-dividend date was Wednesday, March 26th. This represents a $1.93 annualized dividend and a dividend yield of 3.83%.

ProShares UltraPro Short QQQ 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.