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

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

ProShares UltraPro Short QQQ Stock Up 8.3 %

Shares of NASDAQ:SQQQ traded up $2.53 during trading on Thursday, hitting $32.92. 101,596,890 shares of the company were exchanged, compared to its average volume of 56,681,379. The firm’s 50 day moving average price is $29.15 and its 200-day moving average price is $34.17. ProShares UltraPro Short QQQ has a 12-month low of $26.21 and a 12-month high of $64.95.

ProShares UltraPro Short QQQ Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. RBF Capital LLC grew its position in shares of ProShares UltraPro Short QQQ by 230.7% during the third quarter. RBF Capital LLC now owns 1,671,427 shares of the company’s stock worth $12,352,000 after acquiring an additional 1,166,014 shares during the last quarter. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro Short QQQ by 40.6% in the third quarter. IMC Chicago LLC now owns 3,875,258 shares of the company’s stock valued at $28,638,000 after purchasing an additional 1,119,452 shares during the period. Sollinda Capital Management LLC purchased a new position in ProShares UltraPro Short QQQ in the 4th quarter valued at $13,933,000. Smithfield Trust Co raised its position in ProShares UltraPro Short QQQ by 138.8% during the 3rd quarter. Smithfield Trust Co now owns 764,000 shares of the company’s stock worth $5,645,000 after buying an additional 444,000 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of ProShares UltraPro Short QQQ in the third quarter valued at about $1,848,000.

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.