ProShares UltraShort Top QQQ (NASDAQ:QQDN) Short Interest Down 66.9% in February

ProShares UltraShort Top QQQ (NASDAQ:QQDN) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 732 shares, a decline of 66.9% from the February 12th total of 2,211 shares. Based on an average daily volume of 3,016 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.5% of the shares of the company are sold short. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 3,016 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Top QQQ Trading Down 0.3%

Shares of QQDN stock opened at $28.72 on Thursday. ProShares UltraShort Top QQQ has a 12 month low of $23.60 and a 12 month high of $41.14. The business’s 50 day moving average is $27.50 and its two-hundred day moving average is $27.11.

ProShares UltraShort Top QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were issued a dividend of $0.6257 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.50 annualized dividend and a dividend yield of 8.7%. This is an increase from ProShares UltraShort Top QQQ’s previous quarterly dividend of $0.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Top QQQ stock. BNP Paribas Financial Markets bought a new position in shares of ProShares UltraShort Top QQQ (NASDAQ:QQDN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 100,000 shares of the company’s stock, valued at approximately $3,662,000. BNP Paribas Financial Markets owned about 90.91% of ProShares UltraShort Top QQQ at the end of the most recent reporting period.

About ProShares UltraShort Top QQQ

ProShares Trust – ProShares UltraShort Top QQQ is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in public equity markets of global region. The fund invests through derivatives in stocks of companies operating across diversified sector. The fund uses derivatives such as swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. It seeks to track -2x the daily performance of the Nasdaq-100 Index, by using full replication technique.