ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 13,490,000 shares, a drop of 78.6% from the October 15th total of 63,070,000 shares. Based on an average trading volume of 32,105,400 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On ProShares UltraPro Short QQQ
A number of hedge funds have recently bought and sold shares of SQQQ. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $41,000. Jeppson Wealth Management LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter worth approximately $88,000. Atomi Financial Group Inc. acquired a new position in shares of ProShares UltraPro Short QQQ in the 1st quarter worth approximately $135,000. Finally, PCG Wealth Advisors LLC lifted its position in shares of ProShares UltraPro Short QQQ by 34.6% in the 2nd quarter. PCG Wealth Advisors LLC now owns 17,500 shares of the company’s stock worth $145,000 after purchasing an additional 4,500 shares during the period.
ProShares UltraPro Short QQQ Stock Performance
Shares of NASDAQ SQQQ traded up $0.01 during mid-day trading on Tuesday, reaching $31.70. 13,004,428 shares of the company were exchanged, compared to its average volume of 29,413,371. The company’s 50-day simple moving average is $38.12 and its 200-day simple moving average is $42.88. ProShares UltraPro Short QQQ has a twelve month low of $31.37 and a twelve month high of $88.55.
ProShares UltraPro Short QQQ Increases Dividend
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.
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