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

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) saw unusually large options trading on Friday. Traders purchased 224,887 call options on the stock. This represents an increase of 66% compared to the average volume of 135,776 call options.

ProShares UltraPro Short QQQ Trading Up 0.6 %

SQQQ traded up $0.18 during trading on Friday, hitting $29.03. The company had a trading volume of 73,146,919 shares, compared to its average volume of 54,893,633. ProShares UltraPro Short QQQ has a 1-year low of $27.23 and a 1-year high of $64.95. The business has a 50-day moving average of $30.19 and a 200-day moving average of $36.51.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Creative Planning boosted its stake in ProShares UltraPro Short QQQ by 138.6% in the second quarter. Creative Planning now owns 46,219 shares of the company’s stock valued at $383,000 after acquiring an additional 26,845 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in ProShares UltraPro Short QQQ during the 2nd quarter valued at approximately $29,000. SG Americas Securities LLC grew its stake in ProShares UltraPro Short QQQ by 25.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,090 shares of the company’s stock worth $134,000 after buying an additional 3,679 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in ProShares UltraPro Short QQQ in the third quarter worth $169,000. Finally, Embree Financial Group increased its position in ProShares UltraPro Short QQQ by 50.7% in the third quarter. Embree Financial Group now owns 49,135 shares of the company’s stock worth $363,000 after buying an additional 16,528 shares during the period.

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.