Investors Buy Large Volume of Call Options on ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) was the recipient of some unusual options trading activity on Friday. Traders acquired 367,664 call options on the stock. This represents an increase of approximately 59% compared to the average daily volume of 230,647 call options.

Institutional Investors Weigh In On ProShares UltraPro Short QQQ

Several institutional investors have recently modified their holdings of SQQQ. Envestnet Asset Management Inc. bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $307,000. Goldman Sachs Group Inc. bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $2,001,000. Bank of America Corp DE bought a new position in ProShares UltraPro Short QQQ during the 1st quarter worth approximately $1,566,000. Renaissance Technologies LLC bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $8,848,000. Finally, Creative Planning bought a new position in ProShares UltraPro Short QQQ during the 2nd quarter worth approximately $260,000.

ProShares UltraPro Short QQQ Stock Performance

SQQQ opened at $12.84 on Friday. ProShares UltraPro Short QQQ has a 1-year low of $10.05 and a 1-year high of $32.73. The firm has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $14.19.

ProShares UltraPro Short QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were given a dividend of $0.164 per share. The ex-dividend date of this dividend 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.