ProShares UltraPro Short QQQ Sees Unusually High Options Volume (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of some unusual options trading activity on Friday. Investors bought 421,266 call options on the company. This is an increase of approximately 82% compared to the average daily volume of 231,940 call options.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several hedge funds and other institutional investors have recently made changes to their positions in SQQQ. Elevatus Welath Management bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter valued at $10,428,000. Sowell Financial Services LLC purchased a new position in shares of ProShares UltraPro Short QQQ during the fourth quarter worth approximately $401,000. HighTower Advisors LLC increased its position in shares of ProShares UltraPro Short QQQ by 166.4% during the third quarter. HighTower Advisors LLC now owns 117,375 shares of the company’s stock worth $2,394,000 after acquiring an additional 73,315 shares during the period. Pathstone Family Office LLC bought a new stake in shares of ProShares UltraPro Short QQQ during the third quarter valued at approximately $1,312,000. Finally, Barclays PLC boosted its holdings in shares of ProShares UltraPro Short QQQ by 34.2% in the third quarter. Barclays PLC now owns 21,491 shares of the company’s stock valued at $440,000 after purchasing an additional 5,471 shares during the period.

ProShares UltraPro Short QQQ Stock Down 5.9 %

NASDAQ:SQQQ opened at $11.08 on Friday. The business has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $13.71. ProShares UltraPro Short QQQ has a 1 year low of $10.05 and a 1 year high of $31.09.

ProShares UltraPro Short QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.164 per share. The ex-dividend date was Wednesday, March 20th.

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.