Short Interest in ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Expands By 34.0%

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 6,325,904 shares, a growth of 34.0% from the January 15th total of 4,722,423 shares. Based on an average trading volume of 49,689,562 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.9% of the shares of the company are sold short. Approximately 18.9% of the shares of the company are sold short. Based on an average trading volume of 49,689,562 shares, the days-to-cover ratio is presently 0.1 days.

ProShares UltraPro Short QQQ Trading Down 0.5%

SQQQ stock traded down $0.36 during mid-day trading on Monday, hitting $72.74. 77,877,181 shares of the company were exchanged, compared to its average volume of 49,743,770. ProShares UltraPro Short QQQ has a 1-year low of $61.72 and a 1-year high of $289.00. The business has a 50 day simple moving average of $67.71 and a 200-day simple moving average of $74.60.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a $1.5055 dividend. This is a boost from ProShares UltraPro Short QQQ’s previous quarterly dividend of $1.21. The ex-dividend date was Wednesday, December 24th. This represents a $6.02 annualized dividend and a yield of 8.3%.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of hedge funds and other institutional investors have recently modified their holdings of SQQQ. Larson Financial Group LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $29,000. MAI Capital Management acquired a new position in ProShares UltraPro Short QQQ during the second quarter valued at approximately $38,000. Parallel Advisors LLC lifted its stake in ProShares UltraPro Short QQQ by 105.4% during the third quarter. Parallel Advisors LLC now owns 1,992 shares of the company’s stock worth $30,000 after purchasing an additional 1,022 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of ProShares UltraPro Short QQQ by 47.2% in the 2nd quarter. Osaic Holdings Inc. now owns 2,170 shares of the company’s stock valued at $42,000 after purchasing an additional 696 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC bought a new position in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $206,000.

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. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles.