ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) 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
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.
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