Stock Traders Purchase High Volume of ProShares UltraPro Short QQQ Call Options (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of some unusual options trading on Thursday. Stock traders acquired 371,677 call options on the stock. This represents an increase of approximately 63% compared to the average volume of 228,616 call options.

ProShares UltraPro Short QQQ Trading Up 6.4 %

SQQQ traded up $0.46 during trading on Thursday, hitting $7.63. The company had a trading volume of 181,792,375 shares, compared to its average volume of 130,865,094. ProShares UltraPro Short QQQ has a one year low of $7.14 and a one year high of $23.34. The firm’s 50-day moving average price is $9.19 and its 200 day moving average price is $10.90.

ProShares UltraPro Short QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were issued a dividend of $0.1605 per share. The ex-dividend date was Wednesday, June 26th. This represents a $0.64 annualized dividend and a dividend yield of 8.41%.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Institutional investors and hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter valued at $401,000. Tower Research Capital LLC TRC raised its holdings in ProShares UltraPro Short QQQ by 318.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 229,110 shares of the company’s stock valued at $3,082,000 after acquiring an additional 174,314 shares during the period. Integrated Advisors Network LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter worth about $299,000. Vontobel Holding Ltd. grew its position in ProShares UltraPro Short QQQ by 190.4% during the fourth quarter. Vontobel Holding Ltd. now owns 121,677 shares of the company’s stock worth $1,637,000 after buying an additional 79,777 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of ProShares UltraPro Short QQQ by 426,000.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 17,044 shares of the company’s stock worth $348,000 after acquiring an additional 17,040 shares during the last quarter.

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.