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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw unusually large options trading activity on Thursday. Stock traders purchased 171,600 call options on the stock. This is an increase of 36% compared to the average daily volume of 126,526 call options.

ProShares UltraPro Short QQQ Stock Down 4.6 %

Shares of NASDAQ:SQQQ opened at $31.39 on Friday. ProShares UltraPro Short QQQ has a 1-year low of $26.21 and a 1-year high of $64.95. The firm’s 50 day simple moving average is $29.18 and its two-hundred day simple moving average is $34.16.

ProShares UltraPro Short QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8168 per share. This is a boost from ProShares UltraPro Short QQQ’s previous dividend of $0.75. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

A number of institutional investors have recently bought and sold shares of the business. Peoples Bank KS bought a new position in shares of ProShares UltraPro Short QQQ in the fourth quarter worth about $62,000. TFB Advisors LLC bought a new position in ProShares UltraPro Short QQQ in the 3rd quarter worth approximately $131,000. CWA Asset Management Group LLC purchased a new stake in ProShares UltraPro Short QQQ during the 3rd quarter valued at approximately $133,000. Centerpoint Advisors LLC raised its position in shares of ProShares UltraPro Short QQQ by 20.0% during the fourth quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after buying an additional 1,000 shares during the last quarter. Finally, World Investment Advisors LLC raised its position in shares of ProShares UltraPro Short QQQ by 51.0% during the third quarter. World Investment Advisors LLC now owns 28,000 shares of the company’s stock valued at $207,000 after buying an additional 9,463 shares during the last quarter.

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.