ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Short Interest Down 78.6% in October

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 13,490,000 shares, a decline of 78.6% from the October 15th total of 63,070,000 shares. Based on an average daily volume of 32,105,400 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On ProShares UltraPro Short QQQ

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in shares of ProShares UltraPro Short QQQ during the second quarter worth about $41,000. Jeppson Wealth Management LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the 2nd quarter valued at about $88,000. TFB Advisors LLC acquired a new stake in shares of ProShares UltraPro Short QQQ in the 3rd quarter valued at about $131,000. Finally, CWA Asset Management Group LLC purchased a new position in ProShares UltraPro Short QQQ during the 3rd quarter worth approximately $133,000.

ProShares UltraPro Short QQQ Stock Down 0.0 %

NASDAQ SQQQ traded down $0.01 during trading on Wednesday, reaching $31.85. 27,868,390 shares of the company’s stock were exchanged, compared to its average volume of 29,507,348. The company has a 50 day moving average price of $37.87 and a two-hundred day moving average price of $42.71. ProShares UltraPro Short QQQ has a 1 year low of $31.37 and a 1 year high of $84.00.

ProShares UltraPro Short QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a $0.7475 dividend. This is an increase from ProShares UltraPro Short QQQ’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, September 25th.

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.