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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 11,820,000 shares, a decline of 28.7% from the February 28th total of 16,570,000 shares. Based on an average trading volume of 64,990,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 17.4% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in SQQQ. RBF Capital LLC grew its holdings in shares of ProShares UltraPro Short QQQ by 230.7% during the 3rd quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after purchasing an additional 1,166,014 shares in the last quarter. Sollinda Capital Management LLC acquired a new stake in ProShares UltraPro Short QQQ during the fourth quarter worth $13,933,000. Kovitz Investment Group Partners LLC bought a new stake in ProShares UltraPro Short QQQ in the 3rd quarter valued at $1,848,000. Squarepoint Ops LLC acquired a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $7,334,000. Finally, Barclays PLC boosted its position in shares of ProShares UltraPro Short QQQ by 157.8% during the 3rd quarter. Barclays PLC now owns 203,395 shares of the company’s stock valued at $1,503,000 after acquiring an additional 124,500 shares in the last quarter.

ProShares UltraPro Short QQQ Price Performance

NASDAQ:SQQQ traded up $2.83 during trading hours on Friday, hitting $38.30. 86,387,362 shares of the company traded hands, compared to its average volume of 40,881,418. ProShares UltraPro Short QQQ has a twelve month low of $26.21 and a twelve month high of $64.95. The firm has a 50-day moving average of $31.55 and a 200 day moving average of $33.05.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be paid a $0.4823 dividend. This represents a $1.93 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Wednesday, March 26th.

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.